Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Stock Short Interest Rises 303.8%

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 544,207 shares, an increase of 303.8% from the August 31st total of 134,762 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,944,149 shares, the days-to-cover ratio is currently 0.2 days.

Schwab U.S. Large-Cap Value ETF Stock Up 0.3%

NYSEARCA:SCHV traded up $0.12 during trading hours on Friday, hitting $33.80. 2,127,429 shares of the company’s stock traded hands, compared to its average volume of 3,863,372. Schwab U.S. Large-Cap Value ETF has a 52 week low of $28.29 and a 52 week high of $35.49. The business’s fifty day simple moving average is $34.50 and its two-hundred day simple moving average is $33.33. The firm has a market cap of $15.32 billion, a P/E ratio of 19.08 and a beta of 0.83.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. NI Acquisitions Company LLC purchased a new position in Schwab U.S. Large-Cap Value ETF in the 2nd quarter worth approximately $34,000. Ascentis Independent Advisors purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF during the 1st quarter valued at $32,000. Strategic Wealth Advisors LLC grew its position in Schwab U.S. Large-Cap Value ETF by 95.6% in the first quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock worth $46,000 after acquiring an additional 746 shares in the last quarter. Advisortrust Partners LLC bought a new position in Schwab U.S. Large-Cap Value ETF in the first quarter valued at $58,000. Finally, Networth Advisors LLC purchased a new stake in Schwab U.S. Large-Cap Value ETF during the first quarter valued at about $69,000.

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.