Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Drops By 82.2%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 335,632 shares, a decline of 82.2% from the February 12th total of 1,880,987 shares. Based on an average daily volume of 3,064,928 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 3,064,928 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC raised its stake in Schwab 5-10 Year Corporate Bond ETF by 133.3% during the fourth quarter. Corient Private Wealth LLC now owns 60,556 shares of the company’s stock worth $1,391,000 after purchasing an additional 34,597 shares during the period. Sankala Group LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter valued at approximately $61,000. Caitlin John LLC acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth approximately $5,732,000. EP Wealth Advisors LLC acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth approximately $301,000. Finally, NewEdge Advisors LLC raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 163.1% during the 4th quarter. NewEdge Advisors LLC now owns 29,711 shares of the company’s stock valued at $682,000 after buying an additional 18,420 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Price Performance

Shares of NYSEARCA SCHI traded down $0.10 during mid-day trading on Tuesday, reaching $22.91. The company’s stock had a trading volume of 2,112,925 shares, compared to its average volume of 2,755,053. The stock has a 50-day moving average of $23.04 and a two-hundred day moving average of $23.04. Schwab 5-10 Year Corporate Bond ETF has a 1-year low of $21.59 and a 1-year high of $23.28.

Schwab 5-10 Year Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a dividend of $0.0936 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Schwab 5-10 Year Corporate Bond ETF Company Profile

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.