Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) Sees Large Decline in Short Interest

Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,400,000 shares, a drop of 21.8% from the August 15th total of 1,790,000 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 1,204,700 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 1,204,700 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Schwab Emerging Markets Equity ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC purchased a new position in shares of Schwab Emerging Markets Equity ETF during the 1st quarter worth $300,000. Bessemer Group Inc. acquired a new position in Schwab Emerging Markets Equity ETF in the 1st quarter valued at about $127,000. Ritholtz Wealth Management grew its position in Schwab Emerging Markets Equity ETF by 45.8% in the 1st quarter. Ritholtz Wealth Management now owns 13,499 shares of the company’s stock valued at $372,000 after acquiring an additional 4,238 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Schwab Emerging Markets Equity ETF by 6.7% during the first quarter. Johnson Investment Counsel Inc. now owns 9,642 shares of the company’s stock worth $266,000 after buying an additional 602 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Schwab Emerging Markets Equity ETF by 27.1% during the fourth quarter. Northern Trust Corp now owns 27,692 shares of the company’s stock worth $737,000 after buying an additional 5,911 shares in the last quarter.

Schwab Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA SCHE opened at $33.16 on Friday. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 15.58 and a beta of 0.68. Schwab Emerging Markets Equity ETF has a 12 month low of $24.11 and a 12 month high of $33.56. The firm’s 50 day simple moving average is $31.47 and its 200-day simple moving average is $29.44.

About Schwab Emerging Markets Equity ETF

Schwab Emerging Markets Equity ETF (the Fund) seeks to track the total return of the FTSE All-Emerging Index (the Index). The Fund’s index consists of large and mid capitalization companies in emerging market countries. The Index defines the large and mid capitalization universe as approximately the top 90% of the eligible universe.