Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Large Increase in Short Interest

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 215,490 shares, a growth of 56.5% from the November 30th total of 137,736 shares. Based on an average daily volume of 408,710 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 408,710 shares, the days-to-cover ratio is presently 0.5 days.

Schwab International Dividend Equity ETF Stock Up 0.5%

NYSEARCA:SCHY traded up $0.15 during trading hours on Tuesday, hitting $29.98. 276,072 shares of the company’s stock traded hands, compared to its average volume of 392,855. Schwab International Dividend Equity ETF has a 52 week low of $22.81 and a 52 week high of $30.00. The business’s fifty day simple moving average is $29.10 and its two-hundred day simple moving average is $28.24. The firm has a market cap of $1.52 billion, a P/E ratio of 14.06 and a beta of 0.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SCHY. Hamel Associates Inc. grew its stake in Schwab International Dividend Equity ETF by 250.1% in the 2nd quarter. Hamel Associates Inc. now owns 539,955 shares of the company’s stock worth $14,768,000 after buying an additional 385,730 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Schwab International Dividend Equity ETF during the 3rd quarter valued at $5,139,000. Jane Street Group LLC lifted its holdings in shares of Schwab International Dividend Equity ETF by 136.5% during the 2nd quarter. Jane Street Group LLC now owns 293,318 shares of the company’s stock worth $8,022,000 after acquiring an additional 169,291 shares during the last quarter. OMC Financial Services LTD purchased a new position in Schwab International Dividend Equity ETF in the second quarter worth $2,555,000. Finally, Carolina Wealth Advisors LLC increased its stake in Schwab International Dividend Equity ETF by 8,318.8% in the third quarter. Carolina Wealth Advisors LLC now owns 91,428 shares of the company’s stock valued at $2,554,000 after acquiring an additional 90,342 shares during the last quarter.

Schwab International Dividend Equity ETF Company Profile

The Schwab International Dividend Equity ETF (SCHY) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a modified market-cap-weighted index of 100 high-dividend-yielding stocks located outside of the US. Stocks are selected based on additional fundamental criteria and low volatility. SCHY was launched on Apr 29, 2021 and is managed by Charles Schwab.