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

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 376,721 shares, a growth of 397.1% from the February 12th total of 75,786 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,622,954 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,622,954 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Schwab U.S. Aggregate Bond ETF Trading Down 0.4%

SCHZ traded down $0.09 during trading on Thursday, hitting $23.21. 3,297,774 shares of the stock were exchanged, compared to its average volume of 2,278,949. Schwab U.S. Aggregate Bond ETF has a 1-year low of $22.52 and a 1-year high of $23.73. The stock has a fifty day moving average price of $23.47 and a two-hundred day moving average price of $23.46.

Schwab U.S. Aggregate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0772 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Trading of Schwab U.S. Aggregate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Godfrey Financial Associates Inc. acquired a new position in Schwab U.S. Aggregate Bond ETF in the fourth quarter valued at $25,000. Newport Capital Group LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the 4th quarter valued at about $25,000. Rossby Financial LCC increased its position in Schwab U.S. Aggregate Bond ETF by 121.1% in the 3rd quarter. Rossby Financial LCC now owns 1,077 shares of the company’s stock valued at $25,000 after acquiring an additional 590 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Schwab U.S. Aggregate Bond ETF during the 3rd quarter valued at approximately $26,000. Finally, LGT Financial Advisors LLC raised its stake in Schwab U.S. Aggregate Bond ETF by 868.6% during the 3rd quarter. LGT Financial Advisors LLC now owns 1,172 shares of the company’s stock valued at $28,000 after acquiring an additional 1,051 shares during the last quarter.

About Schwab U.S. Aggregate Bond ETF

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.