Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Large Growth in Short Interest

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 363,565 shares, an increase of 133.5% from the August 15th total of 155,703 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 1,224,644 shares, the short-interest ratio is currently 0.3 days.

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

NYSEARCA:SCHQ opened at $29.46 on Monday. Schwab Long-Term U.S. Treasury ETF has a 12-month low of $29.41 and a 12-month high of $33.19. The business has a 50 day simple moving average of $30.18 and a 200 day simple moving average of $30.93.

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in SCHQ. LPL Financial LLC increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 108.3% in the 4th quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock worth $60,370,000 after acquiring an additional 990,099 shares during the period. MML Investors Services LLC lifted its position in Schwab Long-Term U.S. Treasury ETF by 98.4% in the 4th quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock valued at $52,175,000 after purchasing an additional 816,199 shares during the last quarter. Tidal Investments LLC boosted its stake in Schwab Long-Term U.S. Treasury ETF by 106.3% during the 2nd quarter. Tidal Investments LLC now owns 1,394,729 shares of the company’s stock valued at $43,446,000 after purchasing an additional 718,572 shares during the period. JPMorgan Chase & Co. boosted its stake in Schwab Long-Term U.S. Treasury ETF by 60.4% during the 4th quarter. JPMorgan Chase & Co. now owns 601,927 shares of the company’s stock valued at $19,081,000 after purchasing an additional 226,742 shares during the period. Finally, Carolina Wealth Advisors LLC grew its position in Schwab Long-Term U.S. Treasury ETF by 2.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 579,543 shares of the company’s stock worth $18,140,000 after purchasing an additional 15,277 shares during the last quarter.

Schwab Long-Term U.S. Treasury ETF Company Profile

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.