Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Short Interest Up 155.5% in August

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 62,308 shares, an increase of 155.5% from the July 30th total of 24,384 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 220,715 shares, the days-to-cover ratio is currently 0.3 days.

Schwab 1-5 Year Corporate Bond ETF Price Performance

SCHJ stock opened at $24.55 on Friday. The firm has a 50 day simple moving average of $24.55 and a 200-day simple moving average of $24.67. Schwab 1-5 Year Corporate Bond ETF has a twelve month low of $24.44 and a twelve month high of $25.05.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mutual Advisors LLC increased its position in shares of Schwab 1-5 Year Corporate Bond ETF by 0.9% in the 4th quarter. Mutual Advisors LLC now owns 52,891 shares of the company’s stock worth $1,317,000 after purchasing an additional 483 shares during the last quarter. Compound Planning Inc. lifted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 2.3% during the first quarter. Compound Planning Inc. now owns 29,097 shares of the company’s stock worth $719,000 after purchasing an additional 661 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Schwab 1-5 Year Corporate Bond ETF by 1.0% in the fourth quarter. Sanctuary Advisors LLC now owns 81,332 shares of the company’s stock worth $2,025,000 after purchasing an additional 819 shares in the last quarter. D.B. Root & Company LLC grew its stake in Schwab 1-5 Year Corporate Bond ETF by 9.6% in the fourth quarter. D.B. Root & Company LLC now owns 9,350 shares of the company’s stock worth $233,000 after purchasing an additional 820 shares in the last quarter. Finally, Mayflower Financial Advisors LLC grew its stake in Schwab 1-5 Year Corporate Bond ETF by 9.7% in the first quarter. Mayflower Financial Advisors LLC now owns 11,963 shares of the company’s stock worth $296,000 after purchasing an additional 1,056 shares in the last quarter.

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.