Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Short Interest Down 71.8% in May

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 52,053 shares, a decline of 71.8% from the May 14th total of 184,635 shares. Based on an average trading volume of 166,037 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Schwab 1-5 Year Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of SCHJ. White Wing Wealth Management raised its stake in Schwab 1-5 Year Corporate Bond ETF by 23.7% during the 4th quarter. White Wing Wealth Management now owns 426,746 shares of the company’s stock valued at $10,626,000 after purchasing an additional 81,743 shares during the period. Sightline Wealth Advisors LLC boosted its position in Schwab 1-5 Year Corporate Bond ETF by 79.5% during the 4th quarter. Sightline Wealth Advisors LLC now owns 250,184 shares of the company’s stock worth $6,230,000 after acquiring an additional 110,827 shares during the period. JPMorgan Chase & Co. increased its stake in Schwab 1-5 Year Corporate Bond ETF by 569.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,178 shares of the company’s stock valued at $703,000 after buying an additional 23,970 shares during the period. Orser Capital Management LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF in the 4th quarter valued at approximately $795,000. Finally, Hartline Investment Corp increased its stake in Schwab 1-5 Year Corporate Bond ETF by 2,999.5% in the 4th quarter. Hartline Investment Corp now owns 577,290 shares of the company’s stock valued at $14,375,000 after buying an additional 558,665 shares during the period.

Schwab 1-5 Year Corporate Bond ETF Trading Up 0.3%

NYSEARCA:SCHJ traded up $0.07 during trading hours on Thursday, reaching $24.63. 136,255 shares of the company’s stock were exchanged, compared to its average volume of 193,443. Schwab 1-5 Year Corporate Bond ETF has a 12 month low of $24.52 and a 12 month high of $25.05. The business’s 50-day simple moving average is $24.68 and its two-hundred day simple moving average is $24.81.

About Schwab 1-5 Year Corporate Bond ETF

The Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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 short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.