Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Short Interest Up 87.3% in August

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 361,669 shares, a growth of 87.3% from the July 30th total of 193,081 shares. Based on an average daily volume of 1,700,562 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of Schwab 5-10 Year Corporate Bond ETF stock traded down $0.02 during midday trading on Monday, hitting $22.20. The company had a trading volume of 1,718,532 shares, compared to its average volume of 2,682,430. Schwab 5-10 Year Corporate Bond ETF has a 52-week low of $22.14 and a 52-week high of $23.28. The company has a 50 day moving average of $22.36 and a 200 day moving average of $22.61.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in SCHI. Van Strum & Towne Inc. grew its position in shares of Schwab 5-10 Year Corporate Bond ETF by 43.3% during the fourth quarter. Van Strum & Towne Inc. now owns 495,353 shares of the company’s stock worth $11,378,000 after purchasing an additional 149,689 shares in the last quarter. AssuredPartners Investment Advisors LLC bought a new stake in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter valued at approximately $4,720,000. Prairiewood Capital LLC lifted its holdings 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 worth $4,762,000 after purchasing an additional 82,069 shares in the last quarter. Worth Asset Management LLC purchased a new position in Schwab 5-10 Year Corporate Bond ETF in the 1st quarter worth approximately $1,109,000. Finally, Corient Private Wealth LLC boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 133.3% in the 4th 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 during the period.

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.