Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Stock Short Interest Rises 69.3%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 634,803 shares, a growth of 69.3% from the September 15th total of 374,858 shares. Based on an average daily volume of 3,429,685 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Schwab 5-10 Year Corporate Bond ETF Stock Up 0.6%

SCHI stock traded up $0.14 during trading on Thursday, reaching $21.64. 2,251,776 shares of the company were exchanged, compared to its average volume of 2,817,332. The stock’s 50 day moving average price is $21.90 and its 200 day moving average price is $22.33. Schwab 5-10 Year Corporate Bond ETF has a 52-week low of $21.24 and a 52-week high of $23.28.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. Prairiewood Capital LLC increased its stake in Schwab 5-10 Year Corporate Bond ETF by 64.2% in the 1st quarter. Prairiewood Capital LLC now owns 209,984 shares of the company’s stock valued at $4,762,000 after purchasing an additional 82,069 shares in the last quarter. Worth Asset Management LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF during the first quarter worth $1,109,000. Corient Private Wealth LLC boosted its position in Schwab 5-10 Year Corporate Bond ETF by 133.3% during the fourth quarter. Corient Private Wealth LLC now owns 60,556 shares of the company’s stock worth $1,391,000 after purchasing an additional 34,597 shares in the last quarter. RCS Financial Planning LLC purchased a new stake in Schwab 5-10 Year Corporate Bond ETF during the third quarter worth $4,052,000. Finally, Envestnet Asset Management Inc. boosted its position in Schwab 5-10 Year Corporate Bond ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 7,236,543 shares of the company’s stock worth $163,835,000 after purchasing an additional 28,374 shares in the last quarter.

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.