Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Short Interest Update

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 150,087 shares, a growth of 188.3% from the May 31st total of 52,053 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 182,106 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

Several large investors have recently modified their holdings of the business. JDM Financial Group LLC acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the first quarter worth about $99,000. Western Wealth Management LLC acquired a new stake in Schwab 1-5 Year Corporate Bond ETF during the 1st quarter valued at approximately $27,000. Bank of America Corp DE grew its stake in Schwab 1-5 Year Corporate Bond ETF by 3.7% during the 1st quarter. Bank of America Corp DE now owns 287,702 shares of the company’s stock valued at $7,113,000 after purchasing an additional 10,265 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Schwab 1-5 Year Corporate Bond ETF by 18.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 22,749 shares of the company’s stock worth $562,000 after purchasing an additional 3,560 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new stake in Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth approximately $4,659,000.

Schwab 1-5 Year Corporate Bond ETF Price Performance

SCHJ traded up $0.04 during trading hours on Friday, reaching $24.69. 233,612 shares of the stock traded hands, compared to its average volume of 211,732. Schwab 1-5 Year Corporate Bond ETF has a fifty-two week low of $24.52 and a fifty-two week high of $25.05. The firm’s fifty day simple moving average is $24.66 and its two-hundred day simple moving average is $24.79.

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.