Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Significant Decline in Short Interest

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 264,497 shares, a decrease of 21.2% from the February 26th total of 335,632 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 3,139,375 shares, the days-to-cover ratio is currently 0.1 days.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.2%

NYSEARCA:SCHI opened at $22.44 on Friday. Schwab 5-10 Year Corporate Bond ETF has a one year low of $21.59 and a one year high of $23.28. The stock has a 50-day simple moving average of $22.94 and a 200 day simple moving average of $23.02.

Schwab 5-10 Year Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0936 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the third quarter worth $28,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth $28,000. Phillips Financial Management LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth about $28,000. Root Financial Partners LLC lifted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 110.6% in the 4th quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock worth $29,000 after buying an additional 660 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter valued at about $33,000.

About Schwab 5-10 Year Corporate Bond ETF

The Schwab 5-10 Year Corporate Bond ETF (SCHI) 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 intermediate maturities of 5-10 years. SCHI was launched on Oct 10, 2019 and is managed by Charles Schwab.