Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 892,601 shares, a decline of 48.5% from the September 30th total of 1,731,526 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 4,460,687 shares, the days-to-cover ratio is currently 0.2 days.
Schwab Short-Term U.S. Treasury ETF Price Performance
Shares of SCHO traded up $0.04 during trading hours on Friday, reaching $24.02. The stock had a trading volume of 2,664,025 shares, compared to its average volume of 4,074,918. Schwab Short-Term U.S. Treasury ETF has a 12 month low of $23.79 and a 12 month high of $24.46. The firm has a 50-day simple moving average of $23.93 and a 200 day simple moving average of $24.14.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SCHO. Envestnet Asset Management Inc. boosted its stake in Schwab Short-Term U.S. Treasury ETF by 72.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,249,057 shares of the company’s stock valued at $319,832,000 after purchasing an additional 5,577,503 shares during the last quarter. Bangor Savings Bank bought a new position in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter valued at about $66,045,000. MassMutual Private Wealth & Trust FSB purchased a new position in Schwab Short-Term U.S. Treasury ETF during the third quarter worth about $40,451,000. MCF Advisors LLC boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 60.8% during the second quarter. MCF Advisors LLC now owns 4,431,584 shares of the company’s stock worth $106,978,000 after purchasing an additional 1,676,213 shares during the last quarter. Finally, Blackhawk Capital Partners LLC purchased a new position in Schwab Short-Term U.S. Treasury ETF during the first quarter worth about $30,128,000.
About Schwab Short-Term U.S. Treasury ETF
The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.
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