Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Short Interest Down 27.2% in March

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 144,123 shares, a decrease of 27.2% from the February 26th total of 197,974 shares. Based on an average daily trading volume, of 185,960 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s shares are short sold.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

SCHJ opened at $24.62 on Friday. Schwab 1-5 Year Corporate Bond ETF has a 12 month low of $24.23 and a 12 month high of $25.05. The business has a 50-day moving average of $24.87 and a two-hundred day moving average of $24.90.

Schwab 1-5 Year Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a $0.0924 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCHJ. Mutual Advisors LLC lifted its stake 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 valued at $1,317,000 after purchasing an additional 483 shares in the last quarter. Golden State Equity Partners raised its holdings in Schwab 1-5 Year Corporate Bond ETF by 4.6% in the third quarter. Golden State Equity Partners now owns 11,488 shares of the company’s stock valued at $287,000 after buying an additional 500 shares during the period. Seek First Inc. grew its stake in Schwab 1-5 Year Corporate Bond ETF by 1.7% during the fourth quarter. Seek First Inc. now owns 33,676 shares of the company’s stock worth $839,000 after buying an additional 553 shares during the period. Mayflower Financial Advisors LLC grew its stake in Schwab 1-5 Year Corporate Bond ETF by 6.2% during the fourth quarter. Mayflower Financial Advisors LLC now owns 10,907 shares of the company’s stock worth $272,000 after buying an additional 633 shares during the period. Finally, Van Strum & Towne Inc. increased its position in shares of Schwab 1-5 Year Corporate Bond ETF by 0.4% in the third quarter. Van Strum & Towne Inc. now owns 163,776 shares of the company’s stock worth $4,085,000 after acquiring an additional 684 shares in the last quarter.

Schwab 1-5 Year Corporate Bond ETF Company Profile

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.