Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Short Interest Up 227.2% in February

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 905,584 shares, an increase of 227.2% from the January 29th total of 276,740 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 854,116 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 854,116 shares, the short-interest ratio is presently 1.1 days. Approximately 1.5% of the shares of the stock are short sold.

Schwab International Dividend Equity ETF Stock Performance

Shares of SCHY stock traded down $0.16 during trading hours on Thursday, hitting $33.74. The company had a trading volume of 314,296 shares, compared to its average volume of 713,725. Schwab International Dividend Equity ETF has a 12 month low of $22.97 and a 12 month high of $33.92. The firm’s fifty day moving average is $31.26 and its 200 day moving average is $29.46. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SCHY. CWM LLC bought a new position in shares of Schwab International Dividend Equity ETF during the second quarter valued at $26,000. Optima Capital LLC acquired a new stake in shares of Schwab International Dividend Equity ETF during the 4th quarter worth about $30,000. Franklin Resources Inc. bought a new position in Schwab International Dividend Equity ETF during the 4th quarter valued at about $49,000. Biltmore Family Office LLC acquired a new position in Schwab International Dividend Equity ETF in the fourth quarter valued at about $51,000. Finally, International Assets Investment Management LLC acquired a new position in Schwab International Dividend Equity ETF in the fourth quarter valued at about $54,000.

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.