Schwab Ariel Opportunities ETF (NYSEARCA:SAEF) Sees Significant Decrease in Short Interest

Schwab Ariel Opportunities ETF (NYSEARCA:SAEF) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 801 shares, a drop of 72.0% from the April 15th total of 2,859 shares. Based on an average daily volume of 1,641 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC raised its holdings in shares of Schwab Ariel Opportunities ETF by 89.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 17,126 shares of the company’s stock worth $479,000 after acquiring an additional 8,104 shares in the last quarter. WFA of San Diego LLC purchased a new stake in shares of Schwab Ariel Opportunities ETF during the 2nd quarter worth approximately $49,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Schwab Ariel Opportunities ETF by 4.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 281,343 shares of the company’s stock worth $8,022,000 after acquiring an additional 11,972 shares in the last quarter.

Schwab Ariel Opportunities ETF Stock Down 1.3%

NYSEARCA:SAEF traded down $0.38 during trading hours on Wednesday, hitting $29.06. 1,222 shares of the stock traded hands, compared to its average volume of 3,323. The stock has a 50 day moving average price of $28.62 and a 200 day moving average price of $28.19. The company has a market cap of $24.12 million, a price-to-earnings ratio of 18.79 and a beta of 1.17. Schwab Ariel Opportunities ETF has a 1 year low of $23.61 and a 1 year high of $30.46.

Schwab Ariel Opportunities ETF Company Profile

The Schwab Ariel ESG ETF (SAEF) is an exchange-traded fund that is based on the Russell 2500 index. The fund is an actively-managed, non-transparent ETF that holds a portfolio of small- and mid-cap US firms screened for ESG criteria. The fund utilizes the Natixis\u002FNYSE non-transparent model. SAEF was launched on Nov 16, 2021 and is managed by Charles Schwab.