Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Short Interest Down 38.8% in August

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 961,599 shares, a drop of 38.8% from the July 30th total of 1,570,145 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,321,733 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 238,259,660 shares of the company’s stock worth $5,975,552,000 after acquiring an additional 10,065,870 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 1.5% in the 1st quarter. Royal Bank of Canada now owns 17,334,539 shares of the company’s stock valued at $431,805,000 after purchasing an additional 253,371 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 19.7% in the 1st quarter. Bank of America Corp DE now owns 6,189,094 shares of the company’s stock valued at $154,170,000 after purchasing an additional 1,016,874 shares during the period. JPMorgan Chase & Co. raised its position in Schwab Intermediate-Term U.S. Treasury ETF by 6.2% in the 4th quarter. JPMorgan Chase & Co. now owns 5,200,552 shares of the company’s stock valued at $130,430,000 after purchasing an additional 303,810 shares during the last quarter. Finally, Pacific Sage Partners LLC boosted its stake in Schwab Intermediate-Term U.S. Treasury ETF by 9.6% during the 1st quarter. Pacific Sage Partners LLC now owns 3,480,010 shares of the company’s stock worth $86,687,000 after purchasing an additional 306,106 shares during the period.

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

Shares of SCHR opened at $24.35 on Monday. Schwab Intermediate-Term U.S. Treasury ETF has a 1-year low of $24.33 and a 1-year high of $25.42. The firm has a 50-day simple moving average of $24.49 and a two-hundred day simple moving average of $24.73.

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

The Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment grade debt issued by the US Treasury with remaining maturity of 3-10 years. SCHR was launched on Aug 5, 2010 and is managed by Charles Schwab.