Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Stock Short Interest Falls 74.8%

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 147,490 shares, a decline of 74.8% from the September 15th total of 586,287 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 568,936 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hamel Associates Inc. grew its position in shares of Schwab International Dividend Equity ETF by 16.1% during the 1st quarter. Hamel Associates Inc. now owns 820,968 shares of the company’s stock worth $25,992,000 after buying an additional 113,809 shares during the period. Summit Asset Management LLC increased its stake in shares of Schwab International Dividend Equity ETF by 0.7% in the 1st quarter. Summit Asset Management LLC now owns 608,034 shares of the company’s stock valued at $19,250,000 after acquiring an additional 4,105 shares during the last quarter. Bank of America Corp DE raised its position in shares of Schwab International Dividend Equity ETF by 1.4% in the 1st quarter. Bank of America Corp DE now owns 416,216 shares of the company’s stock valued at $13,177,000 after acquiring an additional 5,565 shares during the period. Modern Wealth Management LLC raised its position in shares of Schwab International Dividend Equity ETF by 3.6% in the 1st quarter. Modern Wealth Management LLC now owns 335,129 shares of the company’s stock valued at $10,637,000 after acquiring an additional 11,496 shares during the period. Finally, IRON Financial LLC boosted its stake in Schwab International Dividend Equity ETF by 8.7% during the 1st quarter. IRON Financial LLC now owns 310,328 shares of the company’s stock worth $9,825,000 after acquiring an additional 24,952 shares during the last quarter.

Schwab International Dividend Equity ETF Price Performance

Schwab International Dividend Equity ETF stock remained flat at $31.75 during trading hours on Monday. 355,612 shares of the company’s stock were exchanged, compared to its average volume of 632,316. Schwab International Dividend Equity ETF has a 52 week low of $27.76 and a 52 week high of $34.04. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 14.06 and a beta of 0.52. The business’s fifty day moving average price is $32.76 and its 200 day moving average price is $32.41.

About Schwab International Dividend Equity ETF

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.