Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sees Significant Decline in Short Interest

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 75,786 shares, a decline of 92.4% from the January 29th total of 1,001,522 shares. Based on an average daily volume of 2,134,975 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,134,975 shares, the days-to-cover ratio is currently 0.0 days.

Schwab U.S. Aggregate Bond ETF Stock Down 0.1%

Shares of SCHZ traded down $0.02 during mid-day trading on Wednesday, hitting $23.63. 1,552,547 shares of the company’s stock were exchanged, compared to its average volume of 2,330,615. The stock’s 50-day moving average is $23.45 and its 200-day moving average is $23.44. Schwab U.S. Aggregate Bond ETF has a fifty-two week low of $22.52 and a fifty-two week high of $23.71.

Schwab U.S. Aggregate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were given a dividend of $0.085 per share. This represents a c) annualized dividend and a yield of 4.3%. This is a boost from Schwab U.S. Aggregate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd.

Hedge Funds Weigh In On Schwab U.S. Aggregate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHZ. CWM LLC raised its position in shares of Schwab U.S. Aggregate Bond ETF by 2,068.1% in the 4th quarter. CWM LLC now owns 4,022,406 shares of the company’s stock valued at $94,004,000 after buying an additional 3,836,881 shares in the last quarter. Valpey Financial Services LLC boosted its stake in Schwab U.S. Aggregate Bond ETF by 2,295.2% in the fourth quarter. Valpey Financial Services LLC now owns 3,749,009 shares of the company’s stock valued at $87,614,000 after acquiring an additional 3,592,488 shares during the last quarter. Modern Wealth Management LLC bought a new position in shares of Schwab U.S. Aggregate Bond ETF in the third quarter worth $27,064,000. Rockbridge Investment Management LCC raised its stake in Schwab U.S. Aggregate Bond ETF by 12.6% in the fourth quarter. Rockbridge Investment Management LCC now owns 8,957,935 shares of the company’s stock valued at $209,347,000 after purchasing an additional 999,097 shares in the last quarter. Finally, NorthRock Partners LLC lifted its stake in Schwab U.S. Aggregate Bond ETF by 209,215.9% in the third quarter. NorthRock Partners LLC now owns 935,642 shares of the company’s stock worth $21,960,000 after purchasing an additional 935,195 shares during the last quarter.

Schwab U.S. Aggregate Bond ETF Company Profile

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.