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

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 873,006 shares, a growth of 99.1% from the April 30th total of 438,385 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 6,064,476 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 5.0% in the 4th quarter. Captrust Financial Advisors now owns 7,834,234 shares of the company’s stock worth $179,952,000 after purchasing an additional 369,831 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 0.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,363,237 shares of the company’s stock worth $169,944,000 after purchasing an additional 26,940 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 3.9% in the 2nd quarter. Raymond James Financial Inc. now owns 2,481,036 shares of the company’s stock worth $56,468,000 after purchasing an additional 94,129 shares during the last quarter. Bouchey Financial Group Ltd grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 9.1% in the 4th quarter. Bouchey Financial Group Ltd now owns 1,427,118 shares of the company’s stock worth $32,781,000 after purchasing an additional 118,990 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 1.0% in the 1st quarter. Royal Bank of Canada now owns 1,097,916 shares of the company’s stock worth $24,900,000 after purchasing an additional 11,129 shares during the last quarter.

Schwab 5-10 Year Corporate Bond ETF Stock Down 0.5%

Shares of SCHI opened at $22.59 on Tuesday. The firm’s 50 day moving average is $22.66 and its 200-day moving average is $22.88. Schwab 5-10 Year Corporate Bond ETF has a 12-month low of $22.23 and a 12-month high of $23.28.

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.