Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Short Interest Down 71.8% in May

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 52,053 shares, a decline of 71.8% from the May 14th total of 184,635 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 166,037 shares, the days-to-cover ratio is presently 0.3 days.

Schwab 1-5 Year Corporate Bond ETF Stock Down 0.0%

SCHJ stock traded down $0.01 during midday trading on Friday, reaching $24.62. The company had a trading volume of 215,057 shares, compared to its average volume of 193,635. The stock has a 50 day moving average price of $24.67 and a 200-day moving average price of $24.81. Schwab 1-5 Year Corporate Bond ETF has a 1-year low of $24.52 and a 1-year high of $25.05.

Institutional Inflows and Outflows

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

Schwab 1-5 Year Corporate Bond ETF Company Profile

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.