Short Interest in Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Expands By 352.7%

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 975,419 shares, a growth of 352.7% from the December 15th total of 215,490 shares. Based on an average trading volume of 411,691 shares, the short-interest ratio is presently 2.4 days. Approximately 1.7% of the shares of the company are short sold. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 411,691 shares, the short-interest ratio is presently 2.4 days.

Schwab International Dividend Equity ETF Trading Down 0.6%

Shares of NYSEARCA:SCHY traded down $0.19 during mid-day trading on Tuesday, reaching $30.02. The company had a trading volume of 823,165 shares, compared to its average volume of 605,949. Schwab International Dividend Equity ETF has a one year low of $22.89 and a one year high of $30.25. The company’s 50-day moving average price is $29.42 and its 200-day moving average price is $28.43. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SCHY. Breakwater Investment Management grew its stake in shares of Schwab International Dividend Equity ETF by 37.5% during the 2nd quarter. Breakwater Investment Management now owns 1,463 shares of the company’s stock worth $40,000 after acquiring an additional 399 shares during the period. Parallel Advisors LLC lifted its holdings in Schwab International Dividend Equity ETF by 2.9% during the second quarter. Parallel Advisors LLC now owns 15,428 shares of the company’s stock valued at $422,000 after purchasing an additional 428 shares during the last quarter. Per Stirling Capital Management LLC. boosted its position in Schwab International Dividend Equity ETF by 2.2% during the third quarter. Per Stirling Capital Management LLC. now owns 22,325 shares of the company’s stock worth $624,000 after purchasing an additional 491 shares during the period. Janney Montgomery Scott LLC boosted its position in Schwab International Dividend Equity ETF by 4.2% during the second quarter. Janney Montgomery Scott LLC now owns 12,360 shares of the company’s stock worth $338,000 after purchasing an additional 500 shares during the period. Finally, OMC Financial Services LTD increased its stake in shares of Schwab International Dividend Equity ETF by 0.3% in the fourth quarter. OMC Financial Services LTD now owns 158,978 shares of the company’s stock worth $4,741,000 after purchasing an additional 540 shares in the last quarter.

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.