Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Shares Shorted: Short Interest Up 142.2% in October

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 495,073 shares, an increase of 142.2% from the October 15th total of 204,437 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 459,547 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SCHY. Hamel Associates Inc. purchased a new position in Schwab International Dividend Equity ETF during the third quarter valued at $27,290,000. Summit Asset Management LLC increased its holdings in Schwab International Dividend Equity ETF by 0.7% in the 1st quarter. Summit Asset Management LLC now owns 608,034 shares of the company’s stock valued at $19,250,000 after acquiring an additional 4,105 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Schwab International Dividend Equity ETF by 53.2% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 587,270 shares of the company’s stock worth $18,440,000 after purchasing an additional 204,017 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Schwab International Dividend Equity ETF in the 3rd quarter worth $14,282,000. Finally, TD Waterhouse Canada Inc. lifted its stake in Schwab International Dividend Equity ETF by 35.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 429,113 shares of the company’s stock worth $12,755,000 after purchasing an additional 112,468 shares in the last quarter.

Schwab International Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHY traded up $0.09 during midday trading on Friday, reaching $33.43. The stock had a trading volume of 418,658 shares, compared to its average volume of 619,565. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 15.31 and a beta of 0.52. Schwab International Dividend Equity ETF has a 12-month low of $28.41 and a 12-month high of $34.04. The stock has a 50-day moving average of $32.55 and a 200-day moving average of $32.49.

Schwab International Dividend Equity ETF Company Profile

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.