Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Stock Short Interest Drops 48.1%

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 499,177 shares, a decrease of 48.1% from the September 30th total of 961,488 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,084,975 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Schwab U.S. Large-Cap Value ETF

Several hedge funds have recently added to or reduced their stakes in the business. Serenity Investment Advisors raised its position in shares of Schwab U.S. Large-Cap Value ETF by 1.9% in the second quarter. Serenity Investment Advisors now owns 979,372 shares of the company’s stock valued at $34,082,000 after purchasing an additional 17,936 shares during the period. Christensen King & Associates Investment Services Inc. boosted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 6.8% during the 3rd quarter. Christensen King & Associates Investment Services Inc. now owns 292,303 shares of the company’s stock worth $9,737,000 after buying an additional 18,497 shares during the period. Steelhead Wealth Management LLC acquired a new position in Schwab U.S. Large-Cap Value ETF in the 1st quarter valued at about $14,294,000. Murphy Middleton Hinkle & Parker Inc. raised its holdings in Schwab U.S. Large-Cap Value ETF by 6.7% in the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 349,164 shares of the company’s stock valued at $12,154,000 after acquiring an additional 21,899 shares during the period. Finally, Rockwood Wealth Management LLC bought a new position in Schwab U.S. Large-Cap Value ETF in the 1st quarter valued at about $649,000.

Schwab U.S. Large-Cap Value ETF Trading Down 1.0%

Shares of SCHV traded down $0.35 during mid-day trading on Friday, reaching $34.63. The company’s stock had a trading volume of 5,074,343 shares, compared to its average volume of 3,802,192. Schwab U.S. Large-Cap Value ETF has a 1-year low of $28.29 and a 1-year high of $35.49. The business has a 50-day simple moving average of $34.22 and a two-hundred day simple moving average of $33.09. The stock has a market cap of $15.68 billion, a P/E ratio of 19.08 and a beta of 0.83.

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.