Short Interest in Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Drops By 98.1%

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 24,384 shares, a drop of 98.1% from the July 15th total of 1,284,316 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 231,500 shares, the days-to-cover ratio is presently 0.1 days.

Schwab 1-5 Year Corporate Bond ETF Price Performance

SCHJ opened at $24.51 on Thursday. The firm has a 50 day moving average price of $24.56 and a 200-day moving average price of $24.70. Schwab 1-5 Year Corporate Bond ETF has a twelve month low of $24.44 and a twelve month high of $25.05.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of SCHJ. Nalls Sherbakoff Group LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF in the fourth quarter worth about $26,000. Western Wealth Management LLC purchased a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the 1st quarter valued at about $27,000. Geneos Wealth Management Inc. bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the 1st quarter worth approximately $27,000. LGT Financial Advisors LLC bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the 3rd quarter worth approximately $33,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the first quarter worth approximately $39,000.

About Schwab 1-5 Year Corporate Bond ETF

The Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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 short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.