Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Drops By 34.9%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 288,014 shares, a drop of 34.9% from the January 15th total of 442,131 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 925,626 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 925,626 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.0% of the company’s shares are sold short.

Schwab Long-Term U.S. Treasury ETF Price Performance

Schwab Long-Term U.S. Treasury ETF stock opened at $32.31 on Friday. The company’s 50 day simple moving average is $31.82 and its 200-day simple moving average is $32.05. Schwab Long-Term U.S. Treasury ETF has a 1 year low of $30.24 and a 1 year high of $33.82.

Schwab Long-Term U.S. Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were given a $0.148 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from Schwab Long-Term U.S. Treasury ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in Schwab Long-Term U.S. Treasury ETF in the 4th quarter valued at approximately $1,262,000. HRT Financial LP acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at $297,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at $619,000. Commonwealth Equity Services LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 56.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 25,476 shares of the company’s stock valued at $808,000 after purchasing an additional 9,186 shares during the period. Finally, LPL Financial LLC grew its stake in Schwab Long-Term U.S. Treasury ETF by 108.3% during the 4th quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock worth $60,370,000 after purchasing an additional 990,099 shares in the last quarter.

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

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.