Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Sees Large Growth in Short Interest

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 425,096 shares, an increase of 105.5% from the April 15th total of 206,836 shares. Based on an average trading volume of 3,627,256 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Schwab U.S. Large-Cap Value ETF Price Performance

Schwab U.S. Large-Cap Value ETF stock traded down $0.04 during mid-day trading on Monday, hitting $32.52. 1,545,226 shares of the company’s stock traded hands, compared to its average volume of 4,375,115. The firm has a 50 day simple moving average of $31.47 and a two-hundred day simple moving average of $30.71. Schwab U.S. Large-Cap Value ETF has a fifty-two week low of $26.21 and a fifty-two week high of $33.08. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 19.08 and a beta of 0.83.

Institutional Trading of Schwab U.S. Large-Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPL Wealth Management LLC bought a new position in Schwab U.S. Large-Cap Value ETF in the 3rd quarter valued at about $26,000. Laurel Wealth Advisors LLC bought a new position in shares of Schwab U.S. Large-Cap Value ETF during the fourth quarter worth approximately $27,000. Ascentis Independent Advisors bought a new position in shares of Schwab U.S. Large-Cap Value ETF during the first quarter worth approximately $32,000. IFC & Insurance Marketing Inc. acquired a new stake in Schwab U.S. Large-Cap Value ETF during the 4th quarter worth approximately $38,000. Finally, Strategic Wealth Advisors LLC boosted its stake in Schwab U.S. Large-Cap Value ETF by 95.6% in the 1st quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock valued at $46,000 after purchasing an additional 746 shares during the period.

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.