Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Short Interest Up 82.9% in July

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,433,258 shares, a growth of 82.9% from the July 15th total of 783,829 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 2,405,459 shares, the days-to-cover ratio is presently 0.6 days.

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

NYSEARCA:SCHO remained flat at $24.10 during mid-day trading on Tuesday. The company’s stock had a trading volume of 577,934 shares, compared to its average volume of 3,488,424. The stock’s fifty day moving average price is $24.09 and its two-hundred day moving average price is $24.20. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $24.02 and a 12-month high of $24.46.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SCHO. Brighton Jones LLC increased its position in Schwab Short-Term U.S. Treasury ETF by 227.2% during the fourth quarter. Brighton Jones LLC now owns 18,449 shares of the company’s stock worth $444,000 after purchasing an additional 12,810 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the 2nd quarter valued at $2,798,000. Ameriprise Financial Inc. increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock worth $570,775,000 after buying an additional 1,237,815 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 17.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 444,031 shares of the company’s stock worth $10,825,000 after buying an additional 65,157 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 14.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 106,542 shares of the company’s stock worth $2,597,000 after buying an additional 13,456 shares during the last quarter.

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.