Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Short Interest Down 21.2% in March

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 264,497 shares, a decline of 21.2% from the February 26th total of 335,632 shares. Based on an average daily trading volume, of 3,139,375 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

Institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. grew its position in shares of Schwab 5-10 Year Corporate Bond ETF by 415.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,820 shares of the company’s stock worth $111,000 after buying an additional 3,885 shares in the last quarter. Bank of New Hampshire raised its holdings in Schwab 5-10 Year Corporate Bond ETF by 17.5% in the fourth quarter. Bank of New Hampshire now owns 203,521 shares of the company’s stock valued at $4,675,000 after acquiring an additional 30,263 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Schwab 5-10 Year Corporate Bond ETF by 133.3% in the fourth quarter. Corient Private Wealth LLC now owns 60,556 shares of the company’s stock valued at $1,391,000 after acquiring an additional 34,597 shares in the last quarter. Sankala Group LLC bought a new position in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter valued at $61,000. Finally, Caitlin John LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth $5,732,000.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of Schwab 5-10 Year Corporate Bond ETF stock opened at $22.44 on Friday. Schwab 5-10 Year Corporate Bond ETF has a 1-year low of $21.59 and a 1-year high of $23.28. The business has a 50-day moving average of $22.94 and a 200-day moving average of $23.02.

Schwab 5-10 Year Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.0936 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Monday, March 2nd.

About Schwab 5-10 Year Corporate Bond ETF

The Schwab 5-10 Year Corporate Bond ETF (SCHI) 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 intermediate maturities of 5-10 years. SCHI was launched on Oct 10, 2019 and is managed by Charles Schwab.