Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sees Large Volume Increase – Here’s What Happened

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) shares saw unusually-strong trading volume on Wednesday . Approximately 3,973,925 shares traded hands during mid-day trading, an increase of 204% from the previous session’s volume of 1,306,139 shares.The stock last traded at $48.55 and had previously closed at $48.59.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.1 %

The stock has a fifty day simple moving average of $48.78 and a two-hundred day simple moving average of $48.30.

Schwab Short-Term U.S. Treasury ETF shares are going to split on the morning of Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly created shares will be issued to shareholders after the closing bell on Thursday, October 10th.

Institutional Trading of Schwab Short-Term U.S. Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Motco bought a new stake in Schwab Short-Term U.S. Treasury ETF in the first quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL bought a new stake in Schwab Short-Term U.S. Treasury ETF in the second quarter valued at approximately $51,000. Future Financial Wealth Managment LLC bought a new stake in Schwab Short-Term U.S. Treasury ETF in the first quarter valued at approximately $50,000. Fifth Third Bancorp boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 24.6% in the second quarter. Fifth Third Bancorp now owns 1,184 shares of the company’s stock valued at $57,000 after acquiring an additional 234 shares during the last quarter. Finally, Marquette Asset Management LLC bought a new stake in Schwab Short-Term U.S. Treasury ETF in the third quarter valued at approximately $58,000.

About Schwab Short-Term U.S. Treasury ETF

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.