Schwab International Equity ETF (NYSEARCA:SCHF) Sees Significant Drop in Short Interest

Schwab International Equity ETF (NYSEARCA:SCHF) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 6,866,621 shares, a drop of 32.1% from the January 29th total of 10,109,778 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,667,293 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 14,667,293 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Schwab International Equity ETF Trading Down 1.6%

NYSEARCA:SCHF traded down $0.45 during trading hours on Monday, hitting $26.59. 10,897,745 shares of the stock were exchanged, compared to its average volume of 12,689,888. The firm’s fifty day moving average price is $25.43 and its 200 day moving average price is $24.15. Schwab International Equity ETF has a 52-week low of $17.56 and a 52-week high of $27.17. The company has a market cap of $61.29 billion, a P/E ratio of 16.14 and a beta of 0.86.

Hedge Funds Weigh In On Schwab International Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Schwab International Equity ETF by 4.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 297,753,417 shares of the company’s stock worth $7,157,992,000 after purchasing an additional 12,246,283 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in Schwab International Equity ETF by 1.4% during the fourth quarter. Wealthfront Advisers LLC now owns 111,479,482 shares of the company’s stock worth $2,679,967,000 after buying an additional 1,497,065 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Schwab International Equity ETF by 94.7% in the 2nd quarter. Corient Private Wealth LLC now owns 42,108,788 shares of the company’s stock valued at $930,592,000 after buying an additional 20,481,030 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Schwab International Equity ETF by 2.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,411,217 shares of the company’s stock worth $521,733,000 after acquiring an additional 488,836 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of Schwab International Equity ETF by 5.2% during the 2nd quarter. Wealthspire Advisors LLC now owns 21,525,356 shares of the company’s stock worth $475,710,000 after acquiring an additional 1,065,094 shares during the period.

Schwab International Equity ETF Company Profile

Schwab Strategic Trust (the Trust) is an open-end management investment company. The Trust’s portfolio of funds include Schwab U.S. REIT ETF, Schwab U.S. Broad Market ETF, Schwab U.S. Large-Cap ETF, Schwab U.S. Large-Cap Growth ETF, Schwab U.S. Large-Cap Value ETF, Schwab U.S. Mid-Cap ETF, Schwab U.S. Small-Cap ETF, Schwab U.S. Dividend Equity ETF, Schwab International Equity ETF, Schwab International Small-Cap Equity ETF, Schwab Emerging Markets Equity ETF, Schwab U.S. TIPS ETF, Schwab Short-Term U.S.