Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sees Significant Drop in Short Interest

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZGet Free Report) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 499,488 shares, a decrease of 21.4% from the December 31st total of 635,263 shares. Based on an average daily volume of 2,820,188 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,820,188 shares, the days-to-cover ratio is presently 0.2 days.

Schwab U.S. Aggregate Bond ETF Price Performance

NYSEARCA:SCHZ traded up $0.01 during mid-day trading on Friday, reaching $23.45. The stock had a trading volume of 8,910,123 shares, compared to its average volume of 2,657,606. Schwab U.S. Aggregate Bond ETF has a twelve month low of $22.52 and a twelve month high of $23.71. The business has a 50 day simple moving average of $23.43 and a 200 day simple moving average of $23.39.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Alliance Wealth Management Group boosted its holdings in Schwab U.S. Aggregate Bond ETF by 3.5% in the 3rd quarter. Alliance Wealth Management Group now owns 1,063,942 shares of the company’s stock worth $24,971,000 after acquiring an additional 36,009 shares during the period. Fortis Capital Advisors LLC acquired a new position in shares of Schwab U.S. Aggregate Bond ETF during the third quarter worth $1,053,000. Belpointe Asset Management LLC purchased a new position in shares of Schwab U.S. Aggregate Bond ETF in the third quarter valued at $1,053,000. Farther Finance Advisors LLC grew its holdings in Schwab U.S. Aggregate Bond ETF by 346.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 138,312 shares of the company’s stock valued at $3,246,000 after purchasing an additional 107,357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC increased its stake in Schwab U.S. Aggregate Bond ETF by 3.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 645,702 shares of the company’s stock worth $15,155,000 after buying an additional 22,623 shares during the period.

Schwab U.S. Aggregate Bond ETF Company Profile

(Get Free Report)

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.

Further Reading

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