Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Short Interest Down 60.2% in May

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 347,086 shares, a decline of 60.2% from the May 14th total of 873,006 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,385,701 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

Hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors boosted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 5.0% in the fourth quarter. Captrust Financial Advisors now owns 7,834,234 shares of the company’s stock worth $179,952,000 after buying an additional 369,831 shares during the period. Raymond James Financial Inc. lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 3.9% in the second quarter. Raymond James Financial Inc. now owns 2,481,036 shares of the company’s stock valued at $56,468,000 after acquiring an additional 94,129 shares during the last quarter. Bouchey Financial Group Ltd lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 9.1% in the fourth quarter. Bouchey Financial Group Ltd now owns 1,427,118 shares of the company’s stock valued at $32,781,000 after acquiring an additional 118,990 shares during the last quarter. Royal Bank of Canada raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 1.0% in the first quarter. Royal Bank of Canada now owns 1,097,916 shares of the company’s stock valued at $24,900,000 after purchasing an additional 11,129 shares during the period. Finally, L2 Asset Management LLC raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 0.5% in the fourth quarter. L2 Asset Management LLC now owns 654,632 shares of the company’s stock valued at $15,037,000 after purchasing an additional 3,539 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.2%

Schwab 5-10 Year Corporate Bond ETF stock traded down $0.04 during midday trading on Friday, reaching $22.58. 1,862,706 shares of the stock traded hands, compared to its average volume of 3,102,521. The firm has a fifty day moving average price of $22.65 and a two-hundred day moving average price of $22.86. Schwab 5-10 Year Corporate Bond ETF has a fifty-two week low of $22.31 and a fifty-two week high of $23.28.

About Schwab 5-10 Year Corporate Bond ETF

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.