Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sees Large Decrease in Short Interest

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 817,594 shares, a decline of 49.1% from the May 31st total of 1,606,350 shares. Based on an average daily volume of 1,673,232 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Schwab U.S. Aggregate Bond ETF Trading Down 0.4%

NYSEARCA SCHZ traded down $0.09 on Wednesday, hitting $23.04. The company’s stock had a trading volume of 1,818,279 shares, compared to its average volume of 2,268,551. Schwab U.S. Aggregate Bond ETF has a 52-week low of $22.77 and a 52-week high of $23.73. The company’s 50-day simple moving average is $23.11 and its 200 day simple moving average is $23.29.

Institutional Trading of Schwab U.S. Aggregate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in shares of Schwab U.S. Aggregate Bond ETF in the 4th quarter worth about $317,000. AQR Capital Management LLC increased its position in shares of Schwab U.S. Aggregate Bond ETF by 15.9% during the first quarter. AQR Capital Management LLC now owns 14,212 shares of the company’s stock valued at $329,000 after buying an additional 1,948 shares during the period. Focus Partners Wealth increased its position in shares of Schwab U.S. Aggregate Bond ETF by 28.9% during the first quarter. Focus Partners Wealth now owns 28,189 shares of the company’s stock valued at $653,000 after buying an additional 6,326 shares during the period. Diversify Advisory Services LLC bought a new position in Schwab U.S. Aggregate Bond ETF in the second quarter worth about $3,099,000. Finally, Raymond James Financial Inc. raised its stake in Schwab U.S. Aggregate Bond ETF by 35.9% in the second quarter. Raymond James Financial Inc. now owns 865,452 shares of the company’s stock worth $20,113,000 after buying an additional 228,444 shares in the last quarter.

About Schwab U.S. Aggregate Bond ETF

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.