Short Interest in Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Grows By 67.4%

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,945,325 shares, a growth of 67.4% from the May 14th total of 1,162,024 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 3,407,305 shares, the short-interest ratio is presently 0.6 days.

Schwab Intermediate-Term U.S. Treasury ETF Stock Performance

Schwab Intermediate-Term U.S. Treasury ETF stock remained flat at $24.67 during trading hours on Wednesday. 8,248,529 shares of the company’s stock traded hands, compared to its average volume of 2,794,554. Schwab Intermediate-Term U.S. Treasury ETF has a twelve month low of $24.42 and a twelve month high of $25.42. The stock has a 50-day simple moving average of $24.72 and a 200-day simple moving average of $24.95.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 238,259,660 shares of the company’s stock worth $5,975,552,000 after buying an additional 10,065,870 shares during the last quarter. Royal Bank of Canada raised its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 1.5% in the first quarter. Royal Bank of Canada now owns 17,334,539 shares of the company’s stock worth $431,805,000 after buying an additional 253,371 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 11.9% during the third quarter. Ameriprise Financial Inc. now owns 13,681,648 shares of the company’s stock valued at $343,724,000 after purchasing an additional 1,449,980 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 19.7% during the first quarter. Bank of America Corp DE now owns 6,189,094 shares of the company’s stock valued at $154,170,000 after purchasing an additional 1,016,874 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 6.2% during the fourth quarter. JPMorgan Chase & Co. now owns 5,200,552 shares of the company’s stock valued at $130,430,000 after purchasing an additional 303,810 shares during the last quarter.

About Schwab Intermediate-Term U.S. Treasury ETF

The Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment grade debt issued by the US Treasury with remaining maturity of 3-10 years. SCHR was launched on Aug 5, 2010 and is managed by Charles Schwab.