Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sees Significant Decrease in Short Interest

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw a large decrease in short interest in March. As of March 31st, there was short interest totaling 97,879 shares, a decrease of 32.1% from the March 15th total of 144,123 shares. Based on an average daily trading volume, of 165,436 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Schwab 1-5 Year Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHJ. Mutual Advisors LLC grew its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 0.9% in the 4th quarter. Mutual Advisors LLC now owns 52,891 shares of the company’s stock valued at $1,317,000 after buying an additional 483 shares in the last quarter. Golden State Equity Partners lifted its stake in Schwab 1-5 Year Corporate Bond ETF by 4.6% in the third quarter. Golden State Equity Partners now owns 11,488 shares of the company’s stock valued at $287,000 after acquiring an additional 500 shares during the last quarter. Seek First Inc. grew its position in Schwab 1-5 Year Corporate Bond ETF by 1.7% in the fourth quarter. Seek First Inc. now owns 33,676 shares of the company’s stock worth $839,000 after acquiring an additional 553 shares in the last quarter. Mayflower Financial Advisors LLC increased its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 6.2% during the 4th quarter. Mayflower Financial Advisors LLC now owns 10,907 shares of the company’s stock worth $272,000 after purchasing an additional 633 shares during the last quarter. Finally, Van Strum & Towne Inc. increased its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 0.4% during the 3rd quarter. Van Strum & Towne Inc. now owns 163,776 shares of the company’s stock worth $4,085,000 after purchasing an additional 684 shares during the last quarter.

Schwab 1-5 Year Corporate Bond ETF Trading Up 0.2%

Shares of Schwab 1-5 Year Corporate Bond ETF stock traded up $0.04 on Tuesday, hitting $24.79. 170,608 shares of the company traded hands, compared to its average volume of 213,964. Schwab 1-5 Year Corporate Bond ETF has a 12-month low of $24.43 and a 12-month high of $25.05. The company has a 50-day moving average price of $24.82 and a 200 day moving average price of $24.88.

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.