Schwab Ariel Opportunities ETF (NYSEARCA:SAEF) Sees Significant Drop in Short Interest

Schwab Ariel Opportunities ETF (NYSEARCA:SAEF) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 3 shares, a decline of 99.4% from the June 15th total of 533 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,680 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Schwab Ariel Opportunities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Schwab Ariel Opportunities ETF by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 281,343 shares of the company’s stock worth $8,022,000 after purchasing an additional 11,972 shares during the period. Flow Traders U.S. LLC increased its holdings in Schwab Ariel Opportunities ETF by 89.8% during the third quarter. Flow Traders U.S. LLC now owns 17,126 shares of the company’s stock valued at $479,000 after buying an additional 8,104 shares during the period. Finally, WFA of San Diego LLC bought a new position in Schwab Ariel Opportunities ETF in the second quarter worth approximately $49,000.

Schwab Ariel Opportunities ETF Stock Performance

NYSEARCA SAEF traded up $0.14 on Friday, hitting $31.30. 2,432 shares of the stock were exchanged, compared to its average volume of 4,048. The stock has a fifty day moving average price of $30.38 and a two-hundred day moving average price of $29.30. The firm has a market capitalization of $25.67 million, a P/E ratio of 18.79 and a beta of 1.14. Schwab Ariel Opportunities ETF has a 52-week low of $25.16 and a 52-week high of $32.37.

Schwab Ariel Opportunities ETF Company Profile

The Schwab Ariel ESG ETF (SAEF) is an exchange-traded fund that is based on the Russell 2500 index. The fund is an actively-managed, non-transparent ETF that holds a portfolio of small- and mid-cap US firms screened for ESG criteria. The fund utilizes the Natixis\u002FNYSE non-transparent model. SAEF was launched on Nov 16, 2021 and is managed by Charles Schwab.