Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Reaches New 52-Week Low – Here’s Why

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $24.13 and last traded at $24.13, with a volume of 6203 shares changing hands. The stock had previously closed at $24.15.

Schwab Short-Term U.S. Treasury ETF Trading Down 0.1%

The business has a 50-day moving average price of $24.24 and a two-hundred day moving average price of $24.33.

Hedge Funds Weigh In On Schwab Short-Term U.S. Treasury ETF

Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 235.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,023 shares of the company’s stock worth $25,000 after purchasing an additional 718 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 138.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,031 shares of the company’s stock worth $25,000 after purchasing an additional 599 shares during the period. Dorato Capital Management acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF during the fourth quarter worth approximately $26,000. Simplex Trading LLC raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 5,315.0% during the fourth quarter. Simplex Trading LLC now owns 1,083 shares of the company’s stock worth $26,000 after purchasing an additional 1,063 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter worth approximately $30,000.

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

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.