Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Shares Shorted: Short Interest Down 48.5% in October

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 892,601 shares, a decrease of 48.5% from the September 30th total of 1,731,526 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,460,687 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Schwab Short-Term U.S. Treasury ETF

A number of institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 72.7% in the second quarter. Envestnet Asset Management Inc. now owns 13,249,057 shares of the company’s stock valued at $319,832,000 after purchasing an additional 5,577,503 shares in the last quarter. Bangor Savings Bank purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 3rd quarter valued at about $66,045,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF in the 3rd quarter valued at $40,451,000. MCF Advisors LLC lifted its position in Schwab Short-Term U.S. Treasury ETF by 60.8% during the 2nd quarter. MCF Advisors LLC now owns 4,431,584 shares of the company’s stock worth $106,978,000 after acquiring an additional 1,676,213 shares during the period. Finally, Blackhawk Capital Partners LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the first quarter valued at about $30,128,000.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.4%

SCHO traded down $0.09 on Monday, hitting $23.93. The company had a trading volume of 11,233,090 shares, compared to its average volume of 4,109,006. The company’s fifty day moving average price is $23.93 and its 200 day moving average price is $24.14. Schwab Short-Term U.S. Treasury ETF has a 1 year low of $23.79 and a 1 year high of $24.46.

About Schwab Short-Term U.S. Treasury ETF

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.