Short Interest in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Decreases By 40.0%

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 597,101 shares, a drop of 40.0% from the August 15th total of 995,242 shares. Based on an average daily trading volume, of 1,623,285 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Schwab U.S. Aggregate Bond ETF Stock Down 0.4%

Shares of SCHZ traded down $0.09 during trading hours on Friday, hitting $22.43. The company had a trading volume of 1,058,411 shares, compared to its average volume of 2,139,103. Schwab U.S. Aggregate Bond ETF has a 52-week low of $22.37 and a 52-week high of $23.73. The stock’s 50 day moving average price is $22.75 and its 200 day moving average price is $23.02.

Institutional Trading of Schwab U.S. Aggregate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cahill Financial Advisors Inc. boosted its position in Schwab U.S. Aggregate Bond ETF by 7.0% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 168,200 shares of the company’s stock valued at $3,890,000 after buying an additional 10,943 shares during the period. NorthRock Partners LLC increased its position in shares of Schwab U.S. Aggregate Bond ETF by 33.9% in the second quarter. NorthRock Partners LLC now owns 1,618,956 shares of the company’s stock valued at $37,446,000 after acquiring an additional 409,926 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Schwab U.S. Aggregate Bond ETF by 24.1% during the second quarter. Integrated Wealth Concepts LLC now owns 395,992 shares of the company’s stock valued at $9,159,000 after acquiring an additional 76,887 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Schwab U.S. Aggregate Bond ETF by 20.7% during the second quarter. IFP Advisors Inc now owns 429,530 shares of the company’s stock valued at $9,935,000 after acquiring an additional 73,597 shares during the last quarter. Finally, XY Planning Network Inc. raised its stake in shares of Schwab U.S. Aggregate Bond ETF by 3.3% during the second quarter. XY Planning Network Inc. now owns 212,609 shares of the company’s stock valued at $4,918,000 after acquiring an additional 6,705 shares during the last quarter.

About Schwab U.S. Aggregate Bond ETF

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.