Short Interest in Schwab U.S. REIT ETF (NYSEARCA:SCHH) Drops By 55.9%

Schwab U.S. REIT ETF (NYSEARCA:SCHH) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 530,539 shares, a drop of 55.9% from the August 15th total of 1,203,229 shares. Based on an average daily trading volume, of 4,338,258 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Schwab U.S. REIT ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Palisade Asset Management LLC bought a new position in shares of Schwab U.S. REIT ETF during the 3rd quarter valued at about $25,000. Gilpin Wealth Management LLC bought a new position in Schwab U.S. REIT ETF during the fourth quarter valued at $25,000. NewEdge Advisors LLC raised its position in Schwab U.S. REIT ETF by 313.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock worth $28,000 after purchasing an additional 1,004 shares during the period. Asset Dedication LLC boosted its holdings in Schwab U.S. REIT ETF by 47.0% during the 1st quarter. Asset Dedication LLC now owns 1,771 shares of the company’s stock valued at $38,000 after acquiring an additional 566 shares during the period. Finally, Arax Advisory Partners bought a new position in shares of Schwab U.S. REIT ETF in the fourth quarter worth about $38,000.

Schwab U.S. REIT ETF Price Performance

Shares of SCHH stock traded down $0.09 during trading hours on Monday, reaching $23.11. 3,373,472 shares of the company traded hands, compared to its average volume of 7,498,016. Schwab U.S. REIT ETF has a 12-month low of $20.63 and a 12-month high of $25.03. The company has a market cap of $10.93 billion, a P/E ratio of 34.50 and a beta of 0.93. The firm has a 50-day moving average price of $24.01 and a 200 day moving average price of $23.37.

Schwab U.S. REIT ETF Company Profile

The Schwab U.S. REIT ETF (SCHH) is an exchange-traded fund that is based on the Dow Jones Equity All REIT Capped index, a market-cap-weighted index of US real estate investment trusts, excluding mortgage REITs and hybrid REITs. SCHH was launched on Jan 13, 2011 and is managed by Charles Schwab.