Short Interest in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Drops By 60.2%

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 347,086 shares, a decrease of 60.2% from the May 14th total of 873,006 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,385,701 shares, the days-to-cover ratio is presently 0.1 days.

Schwab 5-10 Year Corporate Bond ETF Price Performance

NYSEARCA SCHI traded down $0.04 during trading hours on Friday, hitting $22.58. The company had a trading volume of 1,862,706 shares, compared to its average volume of 3,102,521. Schwab 5-10 Year Corporate Bond ETF has a fifty-two week low of $22.31 and a fifty-two week high of $23.28. The business has a fifty day simple moving average of $22.65 and a 200-day simple moving average of $22.86.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Kaizen Financial Strategies lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 6.9% in the 3rd quarter. Kaizen Financial Strategies now owns 335,016 shares of the company’s stock worth $7,699,000 after acquiring an additional 21,712 shares during the period. Bouchey Financial Group Ltd grew its holdings in Schwab 5-10 Year Corporate Bond ETF by 3.1% during the third quarter. Bouchey Financial Group Ltd now owns 1,308,128 shares of the company’s stock worth $30,192,000 after acquiring an additional 39,894 shares during the period. Van Strum & Towne Inc. raised its position in Schwab 5-10 Year Corporate Bond ETF by 43.3% in the fourth quarter. Van Strum & Towne Inc. now owns 495,353 shares of the company’s stock worth $11,378,000 after acquiring 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 in the fourth quarter worth about $4,720,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter valued at about $618,000.

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.