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30Y Treasury bond is ‘best hedge’ against a hard landing - BofA’s Hartnett
Seeking Alpha News (Sat, 18-May 10:00 AM ET)
The fund s goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the short-term U.S. Treasury bond market.
Schwab Short-Term U.S. Treasury ETF trades on the ARCA stock market under the symbol SCHO.
As of May 22, 2024, SCHO stock price declined to $47.99 with 377,447 million shares trading.
SCHO has a beta of 0.04, meaning it tends to be less sensitive to market movements. SCHO has a correlation of 0.08 to the broad based SPY ETF.
SCHO has a market cap of $10.41 billion. This is considered a Large Cap stock.
In the last 3 years, SCHO stock traded as high as $51.33 and as low as $47.65.
SCHO has underperformed the market in the last year with a price return of +3.0% while the SPY ETF gained +28.0%. SCHO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.7% and +0.2%, respectively, while the SPY returned +6.8% and +2.4%, respectively.
SCHO support price is $47.97 and resistance is $48.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SCHO stock will trade within this expected range on the day.