Short Interest in Schwab International Small-Cap Equity ETF (NYSEARCA:SCHC) Grows By 79.1%

Schwab International Small-Cap Equity ETF (NYSEARCA:SCHC) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 698,698 shares, a growth of 79.1% from the May 14th total of 390,164 shares. Based on an average daily volume of 323,131 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new position in Schwab International Small-Cap Equity ETF in the first quarter valued at $25,000. Activest Wealth Management purchased a new position in Schwab International Small-Cap Equity ETF in the fourth quarter valued at $28,000. IMG Wealth Management Inc. purchased a new position in Schwab International Small-Cap Equity ETF in the fourth quarter valued at $31,000. Palisade Asset Management LLC purchased a new stake in shares of Schwab International Small-Cap Equity ETF during the third quarter worth about $31,000. Finally, Independence Bank of Kentucky purchased a new stake in shares of Schwab International Small-Cap Equity ETF during the fourth quarter worth about $31,000.

Schwab International Small-Cap Equity ETF Stock Performance

Shares of Schwab International Small-Cap Equity ETF stock traded up $0.51 during trading on Monday, hitting $50.25. 193,599 shares of the company’s stock were exchanged, compared to its average volume of 472,881. The business has a 50-day simple moving average of $49.79 and a 200-day simple moving average of $48.31. Schwab International Small-Cap Equity ETF has a 52-week low of $40.68 and a 52-week high of $51.78. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 16.25 and a beta of 0.90.

About Schwab International Small-Cap Equity ETF

Schwab International Small-Cap Equity ETF (the Fund) seeks to track the total return of the FTSE Developed Small Cap ex-US Liquid Index (the Index). The Fund’s index consists of small capitalization companies in developed countries outside the United States. The Index defines the small capitalization universe as approximately the bottom 10% of the eligible universe with a minimum free float capitalization of $150 million. The types of derivatives used by the Fund are options, futures, options on futures and swaps.