Short Interest in Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Drops By 31.3%

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 114,619 shares, a decline of 31.3% from the November 30th total of 166,824 shares. Based on an average trading volume of 183,430 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 183,430 shares, the short-interest ratio is presently 0.6 days.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

Shares of SCHJ traded down $0.03 on Wednesday, reaching $24.90. 103,386 shares of the stock traded hands, compared to its average volume of 133,123. The stock’s 50-day moving average price is $24.90 and its 200-day moving average price is $24.86. Schwab 1-5 Year Corporate Bond ETF has a 12 month low of $24.23 and a 12 month high of $25.02.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SCHJ. LGT Financial Advisors LLC bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 3rd quarter valued at approximately $33,000. Mariner LLC lifted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 5.9% during the 3rd quarter. Mariner LLC now owns 41,587 shares of the company’s stock worth $1,037,000 after buying an additional 2,300 shares during the period. Integrated Wealth Concepts LLC boosted its stake in Schwab 1-5 Year Corporate Bond ETF by 9.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 172,541 shares of the company’s stock valued at $4,304,000 after buying an additional 14,365 shares in the last quarter. Citadel Advisors LLC boosted its stake in Schwab 1-5 Year Corporate Bond ETF by 330.9% in the 3rd quarter. Citadel Advisors LLC now owns 81,631 shares of the company’s stock valued at $2,036,000 after buying an additional 62,686 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Schwab 1-5 Year Corporate Bond ETF by 6.3% in the third quarter. Bank of America Corp DE now owns 264,968 shares of the company’s stock valued at $6,610,000 after acquiring an additional 15,618 shares during the period.

Schwab 1-5 Year Corporate Bond ETF Company Profile

The Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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 short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.