Schwab U.S. REIT ETF (NYSEARCA:SCHH) Sees Large Drop in Short Interest

Schwab U.S. REIT ETF (NYSEARCA:SCHH) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 1,044,980 shares, a decline of 45.4% from the January 15th total of 1,915,069 shares. Based on an average trading volume of 10,201,453 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 10,201,453 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SCHH. Brighton Jones LLC purchased a new stake in shares of Schwab U.S. REIT ETF in the 4th quarter valued at approximately $208,000. Royal Bank of Canada raised its stake in Schwab U.S. REIT ETF by 140.7% during the 1st quarter. Royal Bank of Canada now owns 127,006 shares of the company’s stock valued at $2,732,000 after purchasing an additional 74,243 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Schwab U.S. REIT ETF by 16.5% in the first quarter. Integrated Wealth Concepts LLC now owns 22,767 shares of the company’s stock valued at $490,000 after purchasing an additional 3,222 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Schwab U.S. REIT ETF by 313.8% in the first quarter. NewEdge Advisors LLC now owns 1,324 shares of the company’s stock worth $28,000 after buying an additional 1,004 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of Schwab U.S. REIT ETF by 734.2% during the first quarter. Jane Street Group LLC now owns 117,136 shares of the company’s stock valued at $2,520,000 after buying an additional 103,094 shares in the last quarter.

Schwab U.S. REIT ETF Stock Performance

NYSEARCA SCHH traded up $0.31 on Friday, reaching $22.81. The company’s stock had a trading volume of 9,749,785 shares, compared to its average volume of 9,830,215. Schwab U.S. REIT ETF has a twelve month low of $18.25 and a twelve month high of $22.92. The firm’s 50 day moving average is $21.29 and its two-hundred day moving average is $21.31. The stock has a market cap of $9.70 billion, a PE ratio of 34.50 and a beta of 0.99.

About Schwab U.S. REIT ETF

The Schwab U.S. REIT ETF (SCHH) is an exchange-traded fund that is based on the Dow Jones Equity All REIT Capped index, a market-cap-weighted index of US real estate investment trusts, excluding mortgage REITs and hybrid REITs. SCHH was launched on Jan 13, 2011 and is managed by Charles Schwab.