Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Declines By 18.9%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHIGet Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 854,886 shares, a drop of 18.9% from the March 31st total of 1,053,487 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 3,092,193 shares, the short-interest ratio is presently 0.3 days.

Schwab 5-10 Year Corporate Bond ETF Price Performance

SCHI traded up $0.04 during midday trading on Thursday, hitting $22.70. 2,210,663 shares of the company were exchanged, compared to its average volume of 2,921,519. The company’s 50 day simple moving average is $22.81 and its 200 day simple moving average is $22.96. Schwab 5-10 Year Corporate Bond ETF has a 1-year low of $22.08 and a 1-year high of $23.28.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steigerwald Gordon & Koch Inc. acquired a new stake in Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter worth about $28,000. Phillips Financial Management LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. purchased a new position in Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth approximately $28,000. Root Financial Partners LLC grew its holdings in Schwab 5-10 Year Corporate Bond ETF by 110.6% in the fourth quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock valued at $29,000 after purchasing an additional 660 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at approximately $33,000.

About Schwab 5-10 Year Corporate Bond ETF

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The Schwab 5-10 Year Corporate Bond ETF (SCHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of USD-denominated investment-grade corporate bonds with intermediate maturities of 5-10 years. SCHI was launched on Oct 10, 2019 and is managed by Charles Schwab.

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