Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Short Interest Up 142.4% in April

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 357,898 shares, a growth of 142.4% from the April 15th total of 147,654 shares. Based on an average trading volume of 714,472 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in Schwab Long-Term U.S. Treasury ETF by 229.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 797 shares of the company’s stock valued at $25,000 after purchasing an additional 555 shares in the last quarter. Windsor Advisory Group LLC purchased a new position in Schwab Long-Term U.S. Treasury ETF during the first quarter valued at approximately $28,000. Kestra Advisory Services LLC purchased a new position in Schwab Long-Term U.S. Treasury ETF during the fourth quarter valued at approximately $45,000. Atlas Capital Advisors Inc. purchased a new position in Schwab Long-Term U.S. Treasury ETF during the fourth quarter valued at approximately $51,000. Finally, Smartleaf Asset Management LLC grew its position in Schwab Long-Term U.S. Treasury ETF by 11,843.5% during the third quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the company’s stock valued at $89,000 after purchasing an additional 2,724 shares in the last quarter.

Schwab Long-Term U.S. Treasury ETF Stock Performance

SCHQ traded down $0.43 on Friday, reaching $30.42. 612,911 shares of the company traded hands, compared to its average volume of 811,617. The stock’s 50 day moving average price is $31.39 and its 200-day moving average price is $31.86. Schwab Long-Term U.S. Treasury ETF has a 52-week low of $30.24 and a 52-week high of $33.19.

Schwab Long-Term U.S. Treasury ETF Company Profile

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.