Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 183,087 shares, a decline of 48.8% from the April 30th total of 357,898 shares. Based on an average daily volume of 490,913 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Downshift Financial LLC raised its position in Schwab Long-Term U.S. Treasury ETF by 2.1% during the first quarter. Downshift Financial LLC now owns 21,048 shares of the company’s stock valued at $658,000 after purchasing an additional 434 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Schwab Long-Term U.S. Treasury ETF by 229.3% in the 4th 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 during the last quarter. Tortoise Investment Management LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 16.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 4,440 shares of the company’s stock valued at $143,000 after purchasing an additional 635 shares during the last quarter. Mariner LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 9.0% in the 3rd quarter. Mariner LLC now owns 8,535 shares of the company’s stock valued at $276,000 after purchasing an additional 707 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 4.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 18,070 shares of the company’s stock valued at $584,000 after purchasing an additional 771 shares during the last quarter.
Schwab Long-Term U.S. Treasury ETF Stock Down 0.6%
SCHQ traded down $0.19 during trading on Monday, hitting $30.93. 664,973 shares of the stock traded hands, compared to its average volume of 862,410. Schwab Long-Term U.S. Treasury ETF has a twelve month low of $30.11 and a twelve month high of $33.19. The business has a 50 day moving average price of $31.18 and a 200 day moving average price of $31.73.
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.
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