Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Sees Large Increase in Short Interest

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 433,737 shares, an increase of 73.3% from the July 15th total of 250,339 shares. Based on an average trading volume of 3,603,490 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Schwab U.S. Large-Cap Value ETF Stock Down 0.1%

SCHV stock traded down $0.05 during trading on Monday, hitting $35.32. The company had a trading volume of 3,199,473 shares, compared to its average volume of 4,060,058. The firm has a 50-day moving average price of $34.40 and a 200-day moving average price of $32.78. Schwab U.S. Large-Cap Value ETF has a 12 month low of $28.22 and a 12 month high of $35.49. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 19.08 and a beta of 0.83.

Schwab U.S. Large-Cap Value ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.1566 per share. The ex-dividend date was Wednesday, June 24th. This is an increase from Schwab U.S. Large-Cap Value ETF’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.8%.

Hedge Funds Weigh In On Schwab U.S. Large-Cap Value ETF

Several hedge funds have recently added to or reduced their stakes in SCHV. Avantax Planning Partners Inc. increased its position in Schwab U.S. Large-Cap Value ETF by 0.3% in the first quarter. Avantax Planning Partners Inc. now owns 10,217,486 shares of the company’s stock worth $311,633,000 after purchasing an additional 29,579 shares during the period. Mariner LLC boosted its stake in shares of Schwab U.S. Large-Cap Value ETF by 3.8% in the 4th quarter. Mariner LLC now owns 9,103,028 shares of the company’s stock valued at $269,542,000 after purchasing an additional 329,550 shares during the last quarter. Vantagepoint Investment Advisers LLC grew its position in shares of Schwab U.S. Large-Cap Value ETF by 0.8% during the 4th quarter. Vantagepoint Investment Advisers LLC now owns 8,516,803 shares of the company’s stock worth $252,183,000 after buying an additional 66,800 shares during the period. Valpey Financial Services LLC grew its position in shares of Schwab U.S. Large-Cap Value ETF by 2,913.4% during the 4th quarter. Valpey Financial Services LLC now owns 6,251,249 shares of the company’s stock worth $185,099,000 after buying an additional 6,043,804 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Schwab U.S. Large-Cap Value ETF by 20.5% during the fourth quarter. Cetera Investment Advisers now owns 3,614,316 shares of the company’s stock worth $107,020,000 after buying an additional 615,249 shares during the last quarter.

Schwab U.S. Large-Cap Value ETF Company Profile

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.