Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Significant Decline in Short Interest

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 723,070 shares, a decrease of 25.9% from the December 31st total of 975,419 shares. Based on an average trading volume of 658,935 shares, the short-interest ratio is currently 1.1 days. Approximately 1.2% of the company’s stock are sold short. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 658,935 shares, the short-interest ratio is currently 1.1 days.

Schwab International Dividend Equity ETF Stock Performance

Shares of SCHY traded down $0.28 during trading hours on Friday, hitting $31.45. The company had a trading volume of 681,899 shares, compared to its average volume of 640,189. Schwab International Dividend Equity ETF has a 52-week low of $22.97 and a 52-week high of $31.84. The firm has a fifty day moving average price of $29.96 and a 200-day moving average price of $28.75. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC purchased a new stake in Schwab International Dividend Equity ETF during the 2nd quarter valued at $26,000. Carolina Wealth Advisors LLC purchased a new position in shares of Schwab International Dividend Equity ETF in the second quarter valued at $30,000. Optima Capital LLC bought a new stake in Schwab International Dividend Equity ETF in the fourth quarter worth $30,000. Farther Finance Advisors LLC purchased a new stake in Schwab International Dividend Equity ETF in the second quarter worth $32,000. Finally, Assetmark Inc. lifted its holdings in shares of Schwab International Dividend Equity ETF by 175.8% in the 4th quarter. Assetmark Inc. now owns 2,071 shares of the company’s stock worth $62,000 after buying an additional 1,320 shares during the period.

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.