Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sees Significant Growth in Short Interest

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,433,258 shares, a growth of 82.9% from the July 15th total of 783,829 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 2,405,459 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Schwab Short-Term U.S. Treasury ETF

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 227.2% in the 4th quarter. Brighton Jones LLC now owns 18,449 shares of the company’s stock valued at $444,000 after acquiring an additional 12,810 shares during the last quarter. Diversify Advisory Services LLC bought a new position in Schwab Short-Term U.S. Treasury ETF in the second quarter worth approximately $2,798,000. Ameriprise Financial Inc. grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock worth $570,775,000 after buying an additional 1,237,815 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Schwab Short-Term U.S. Treasury ETF by 17.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 444,031 shares of the company’s stock worth $10,825,000 after acquiring an additional 65,157 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in Schwab Short-Term U.S. Treasury ETF by 14.5% during the second quarter. Benjamin Edwards Inc. now owns 106,542 shares of the company’s stock valued at $2,597,000 after buying an additional 13,456 shares during the period.

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

Shares of SCHO stock remained flat at $24.10 on Friday. 2,239,501 shares of the company were exchanged, compared to its average volume of 3,511,456. The stock’s 50-day simple moving average is $24.09 and its two-hundred day simple moving average is $24.20. Schwab Short-Term U.S. Treasury ETF has a 1 year low of $24.02 and a 1 year high of $24.46.

Schwab Short-Term U.S. Treasury ETF Company Profile

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.