Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Expands By 71.8%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 344,906 shares, a growth of 71.8% from the February 12th total of 200,793 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 963,352 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 963,352 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.2% of the shares of the stock are sold short.

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

Shares of SCHQ stock traded down $0.15 during trading hours on Friday, reaching $31.40. The stock had a trading volume of 962,791 shares, compared to its average volume of 875,774. The stock’s fifty day simple moving average is $32.02 and its 200 day simple moving average is $32.16. Schwab Long-Term U.S. Treasury ETF has a 12 month low of $30.24 and a 12 month high of $33.82.

Schwab Long-Term U.S. Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.1066 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Trading of Schwab Long-Term U.S. Treasury ETF

Several institutional investors and hedge funds have recently modified their holdings of SCHQ. Carolina Wealth Advisors LLC lifted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 1,885.9% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 585,782 shares of the company’s stock worth $18,927,000 after acquiring an additional 556,285 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Schwab Long-Term U.S. Treasury ETF in the second quarter worth $2,010,000. Centric Wealth Management boosted its position in Schwab Long-Term U.S. Treasury ETF by 8.7% during the second quarter. Centric Wealth Management now owns 143,603 shares of the company’s stock valued at $4,538,000 after buying an additional 11,450 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Schwab Long-Term U.S. Treasury ETF by 8.7% during the second quarter. Foundations Investment Advisors LLC now owns 36,272 shares of the company’s stock valued at $1,157,000 after buying an additional 2,916 shares during the last quarter. Finally, MFG Wealth Management Inc. purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF in the third quarter worth about $2,278,000.

About Schwab Long-Term U.S. Treasury ETF

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.