Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Decreases By 65.5%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 179,275 shares, a decline of 65.5% from the June 30th total of 519,190 shares. Based on an average trading volume of 1,864,596 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Schwab 5-10 Year Corporate Bond ETF Price Performance

Shares of SCHI opened at $22.33 on Wednesday. The company’s fifty day simple moving average is $22.51 and its 200-day simple moving average is $22.73. Schwab 5-10 Year Corporate Bond ETF has a twelve month low of $22.20 and a twelve month high of $23.28.

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

Several hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in Schwab 5-10 Year Corporate Bond ETF in the fourth quarter worth about $28,000. Phillips Financial Management LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter valued at approximately $28,000. Root Financial Partners LLC grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 110.6% during the fourth quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock valued at $29,000 after buying an additional 660 shares during the last quarter. Triumph Capital Management bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the third quarter valued at approximately $41,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the fourth quarter worth approximately $44,000.

Schwab 5-10 Year Corporate Bond ETF Company Profile

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.