Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Sees Large Decline in Short Interest

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 227,501 shares, a decrease of 84.1% from the May 31st total of 1,428,366 shares. Based on an average trading volume of 4,838,095 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Schwab U.S. Large-Cap Value ETF Trading Down 1.1%

SCHV stock traded down $0.38 during midday trading on Friday, hitting $34.46. 4,557,987 shares of the company’s stock were exchanged, compared to its average volume of 4,273,914. The business has a 50-day simple moving average of $33.27 and a two-hundred day simple moving average of $31.71. The stock has a market capitalization of $16.13 billion, a PE ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a 1-year low of $27.39 and a 1-year high of $35.05.

Institutional Trading of Schwab U.S. Large-Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. JPL Wealth Management LLC acquired a new position in Schwab U.S. Large-Cap Value ETF in the third quarter valued at about $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Schwab U.S. Large-Cap Value ETF during the fourth quarter valued at about $27,000. Ascentis Independent Advisors purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF in the 1st quarter valued at approximately $32,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF in the 4th quarter valued at approximately $38,000. Finally, Strategic Wealth Advisors LLC lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 95.6% in the 1st quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock worth $46,000 after acquiring an additional 746 shares during the last quarter.

About Schwab U.S. Large-Cap Value ETF

Schwab U.S. Large-Cap Value ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market Index (the Index). The Fund’s index includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Value Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as value. The Index is a float-adjusted market capitalization weighted index.