Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Short Interest Down 70.1% in June

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 520,881 shares, a decrease of 70.1% from the May 31st total of 1,741,107 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 4,059,411 shares, the short-interest ratio is presently 0.1 days.

Schwab Short-Term U.S. Treasury ETF Price Performance

Shares of NYSEARCA:SCHO traded up $0.01 during midday trading on Monday, hitting $24.16. The company had a trading volume of 2,350,434 shares, compared to its average volume of 3,687,981. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $24.06 and a twelve month high of $24.46. The business’s 50-day simple moving average is $24.16 and its 200-day simple moving average is $24.27.

Institutional Trading of Schwab Short-Term U.S. Treasury ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 8.8% during the 3rd quarter. Bank of America Corp DE now owns 118,665,834 shares of the company’s stock valued at $2,895,446,000 after acquiring an additional 9,578,278 shares during the last quarter. Valpey Financial Services LLC increased its position in Schwab Short-Term U.S. Treasury ETF by 2,499.8% during the fourth quarter. Valpey Financial Services LLC now owns 5,246,793 shares of the company’s stock worth $127,864,000 after purchasing an additional 5,044,981 shares during the last quarter. Willis Johnson & Associates Inc. acquired a new stake in Schwab Short-Term U.S. Treasury ETF during the fourth quarter worth about $33,121,000. JPMorgan Chase & Co. raised its stake in Schwab Short-Term U.S. Treasury ETF by 6.9% during the fourth quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock worth $514,393,000 after purchasing an additional 1,357,429 shares during the period. Finally, Blackhawk Capital Partners LLC purchased a new position in Schwab Short-Term U.S. Treasury ETF during the first quarter worth about $30,128,000.

About Schwab Short-Term U.S. Treasury ETF

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.