Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Drops By 34.9%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 288,014 shares, a decline of 34.9% from the January 15th total of 442,131 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 925,626 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 925,626 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Trading of Schwab Long-Term U.S. Treasury ETF

Large investors have recently made changes to their positions in the company. LPL Financial LLC increased its position in Schwab Long-Term U.S. Treasury ETF by 108.3% during the fourth quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock worth $60,370,000 after buying an additional 990,099 shares during the period. JPMorgan Chase & Co. grew its position in shares of Schwab Long-Term U.S. Treasury ETF by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 601,927 shares of the company’s stock worth $19,081,000 after acquiring an additional 226,742 shares during the last quarter. Carolina Wealth Advisors LLC increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 1,885.9% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 585,782 shares of the company’s stock valued at $18,927,000 after acquiring an additional 556,285 shares during the period. Sfmg LLC raised its position in Schwab Long-Term U.S. Treasury ETF by 14.1% in the 4th quarter. Sfmg LLC now owns 477,113 shares of the company’s stock valued at $15,124,000 after purchasing an additional 58,979 shares during the last quarter. Finally, Faithward Advisors LLC boosted its stake in Schwab Long-Term U.S. Treasury ETF by 3.8% during the 2nd quarter. Faithward Advisors LLC now owns 425,447 shares of the company’s stock worth $13,568,000 after purchasing an additional 15,470 shares during the period.

Schwab Long-Term U.S. Treasury ETF Stock Up 1.2%

NYSEARCA SCHQ opened at $32.31 on Friday. The firm’s fifty day moving average price is $31.82 and its 200 day moving average price is $32.05. Schwab Long-Term U.S. Treasury ETF has a 12 month low of $30.24 and a 12 month high of $33.82.

Schwab Long-Term U.S. Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a dividend of $0.148 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is an increase from Schwab Long-Term U.S. Treasury ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, February 2nd.

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.