Short Interest in Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Declines By 25.9%

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 723,070 shares, a decline of 25.9% from the December 31st total of 975,419 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 658,935 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 658,935 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.2% of the company’s shares are short sold.

Schwab International Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHY traded down $0.28 during trading on Friday, reaching $31.45. The stock had a trading volume of 681,899 shares, compared to its average volume of 640,189. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57. The firm’s fifty day moving average is $29.96 and its 200 day moving average is $28.75. Schwab International Dividend Equity ETF has a 52 week low of $22.97 and a 52 week high of $31.84.

Institutional Trading of Schwab International Dividend Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hamel Associates Inc. boosted its holdings in Schwab International Dividend Equity ETF by 250.1% in the second quarter. Hamel Associates Inc. now owns 539,955 shares of the company’s stock worth $14,768,000 after acquiring an additional 385,730 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Schwab International Dividend Equity ETF in the 3rd quarter worth approximately $5,139,000. Jane Street Group LLC raised its stake in Schwab International Dividend Equity ETF by 136.5% in the 2nd quarter. Jane Street Group LLC now owns 293,318 shares of the company’s stock valued at $8,022,000 after acquiring an additional 169,291 shares during the period. OMC Financial Services LTD bought a new position in shares of Schwab International Dividend Equity ETF in the second quarter worth $2,555,000. Finally, Carolina Wealth Advisors LLC lifted its stake in Schwab International Dividend Equity ETF by 8,318.8% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 91,428 shares of the company’s stock worth $2,554,000 after purchasing an additional 90,342 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.