Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Stock Short Interest Drops 48.1%

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 499,177 shares, a decline of 48.1% from the September 30th total of 961,488 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,084,975 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Avantax Planning Partners Inc. boosted its holdings in Schwab U.S. Large-Cap Value ETF by 0.3% in the 1st quarter. Avantax Planning Partners Inc. now owns 10,217,486 shares of the company’s stock valued at $311,633,000 after purchasing an additional 29,579 shares during the period. Mather Group LLC. bought a new stake in Schwab U.S. Large-Cap Value ETF during the third quarter valued at $257,154,000. Vantagepoint Investment Advisers LLC purchased a new position in Schwab U.S. Large-Cap Value ETF during the third quarter worth about $243,975,000. Rainey & Randall Wealth Advisors Inc. grew its position in Schwab U.S. Large-Cap Value ETF by 0.5% during the third quarter. Rainey & Randall Wealth Advisors Inc. now owns 3,033,676 shares of the company’s stock worth $101,052,000 after buying an additional 15,475 shares in the last quarter. Finally, Cooper Financial Group increased its stake in Schwab U.S. Large-Cap Value ETF by 3.7% in the 3rd quarter. Cooper Financial Group now owns 2,360,396 shares of the company’s stock worth $78,625,000 after acquiring an additional 83,921 shares during the last quarter.

Schwab U.S. Large-Cap Value ETF Trading Down 1.0%

Shares of SCHV stock traded down $0.35 during trading on Friday, reaching $34.63. 5,074,343 shares of the company’s stock traded hands, compared to its average volume of 3,802,192. The firm’s 50-day moving average is $34.22 and its 200 day moving average is $33.09. The company has a market capitalization of $15.68 billion, a P/E ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a 1 year low of $28.29 and a 1 year high of $35.49.

About Schwab U.S. Large-Cap Value ETF

Schwab U.S. Large-Cap Value ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market Index (the Index). The Fund’s index includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as value. The Index is a float-adjusted market capitalization weighted index.