Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Short Interest Update

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 905,584 shares, a growth of 227.2% from the January 29th total of 276,740 shares. Based on an average trading volume of 854,116 shares, the short-interest ratio is presently 1.1 days. Approximately 1.5% of the shares of the company are short sold. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 854,116 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SCHY. Cresset Asset Management LLC boosted its stake in Schwab International Dividend Equity ETF by 1.6% in the 2nd quarter. Cresset Asset Management LLC now owns 3,224,309 shares of the company’s stock worth $88,185,000 after purchasing an additional 51,032 shares during the period. Inspire Advisors LLC purchased a new stake in shares of Schwab International Dividend Equity ETF in the third quarter worth about $710,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Schwab International Dividend Equity ETF in the third quarter worth about $5,139,000. Envestnet Asset Management Inc. boosted its position in shares of Schwab International Dividend Equity ETF by 28.4% in the second quarter. Envestnet Asset Management Inc. now owns 14,967 shares of the company’s stock valued at $409,000 after acquiring an additional 3,308 shares during the period. Finally, Fiduciary Alliance LLC grew its stake in Schwab International Dividend Equity ETF by 36.5% during the third quarter. Fiduciary Alliance LLC now owns 92,155 shares of the company’s stock valued at $2,575,000 after acquiring an additional 24,619 shares in the last quarter.

Schwab International Dividend Equity ETF Trading Up 0.5%

Shares of NYSEARCA:SCHY traded up $0.18 during mid-day trading on Friday, reaching $33.93. The company had a trading volume of 964,650 shares, compared to its average volume of 724,906. Schwab International Dividend Equity ETF has a one year low of $22.97 and a one year high of $34.04. The company’s 50-day moving average price is $31.43 and its 200-day moving average price is $29.53. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

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.