Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Short Interest Down 31.3% in December

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 114,619 shares, a drop of 31.3% from the November 30th total of 166,824 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 183,430 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 183,430 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

Schwab 1-5 Year Corporate Bond ETF Price Performance

SCHJ stock traded up $0.01 during mid-day trading on Monday, reaching $24.91. 281,713 shares of the stock traded hands, compared to its average volume of 133,044. Schwab 1-5 Year Corporate Bond ETF has a 52-week low of $24.23 and a 52-week high of $25.02. The stock’s fifty day moving average is $24.90 and its 200-day moving average is $24.85.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

Several institutional investors have recently made changes to their positions in the stock. AlphaStar Capital Management LLC acquired a new stake in Schwab 1-5 Year Corporate Bond ETF in the 2nd quarter valued at approximately $4,788,000. MFG Wealth Management Inc. bought a new position in Schwab 1-5 Year Corporate Bond ETF during the third quarter worth $2,999,000. Brand Asset Management Group Inc. acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the 3rd quarter valued at $2,098,000. Sightline Wealth Advisors LLC boosted its holdings in Schwab 1-5 Year Corporate Bond ETF by 114.5% in the 3rd quarter. Sightline Wealth Advisors LLC now owns 139,357 shares of the company’s stock valued at $3,476,000 after purchasing an additional 74,390 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Schwab 1-5 Year Corporate Bond ETF in the 1st quarter worth $1,666,000.

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.