Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Significant Increase in Short Interest

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 215,490 shares, an increase of 56.5% from the November 30th total of 137,736 shares. Based on an average trading volume of 408,710 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 408,710 shares, the days-to-cover ratio is presently 0.5 days.

Schwab International Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHY opened at $29.96 on Monday. Schwab International Dividend Equity ETF has a one year low of $22.81 and a one year high of $30.00. The firm has a market capitalization of $1.52 billion, a P/E ratio of 14.06 and a beta of 0.57. The company’s fifty day moving average is $29.07 and its two-hundred day moving average is $28.22.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

A number of institutional investors have recently made changes to their positions in SCHY. NewEdge Advisors LLC acquired a new position in Schwab International Dividend Equity ETF in the 3rd quarter valued at about $822,000. LGT Financial Advisors LLC purchased a new position in shares of Schwab International Dividend Equity ETF during the 3rd quarter worth about $177,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Schwab International Dividend Equity ETF by 18.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 100,198 shares of the company’s stock worth $2,800,000 after acquiring an additional 15,798 shares during the last quarter. Mariner LLC grew its holdings in Schwab International Dividend Equity ETF by 4.0% in the third quarter. Mariner LLC now owns 51,147 shares of the company’s stock valued at $1,429,000 after purchasing an additional 1,986 shares during the period. Finally, Bank of America Corp DE increased its position in Schwab International Dividend Equity ETF by 17.1% during the third quarter. Bank of America Corp DE now owns 366,866 shares of the company’s stock worth $10,250,000 after purchasing an additional 53,479 shares during the last quarter.

About Schwab International Dividend Equity ETF

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.