Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Large Decrease in Short Interest

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 147,490 shares, a decrease of 74.8% from the September 15th total of 586,287 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 568,936 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Schwab International Dividend Equity ETF

Several large investors have recently made changes to their positions in SCHY. TD Waterhouse Canada Inc. bought a new position in shares of Schwab International Dividend Equity ETF in the 2nd quarter worth $9,421,000. Envestnet Asset Management Inc. increased its stake in Schwab International Dividend Equity ETF by 354.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 220,757 shares of the company’s stock valued at $7,005,000 after purchasing an additional 172,190 shares in the last quarter. Hamel Associates Inc. increased its stake in Schwab International Dividend Equity ETF by 16.1% during the 1st quarter. Hamel Associates Inc. now owns 820,968 shares of the company’s stock valued at $25,992,000 after purchasing an additional 113,809 shares in the last quarter. Independent Financial Group LLC acquired a new position in Schwab International Dividend Equity ETF during the first quarter worth $1,724,000. Finally, Farrow Financial Inc. lifted its stake in shares of Schwab International Dividend Equity ETF by 53.8% in the first quarter. Farrow Financial Inc. now owns 124,338 shares of the company’s stock valued at $3,937,000 after buying an additional 43,505 shares in the last quarter.

Schwab International Dividend Equity ETF Stock Up 1.0%

NYSEARCA:SCHY traded up $0.30 during trading hours on Tuesday, reaching $32.05. The company had a trading volume of 397,182 shares, compared to its average volume of 631,053. Schwab International Dividend Equity ETF has a twelve month low of $27.76 and a twelve month high of $34.04. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 14.06 and a beta of 0.52. The business’s 50-day simple moving average is $32.73 and its two-hundred day simple moving average is $32.42.

Schwab International Dividend Equity ETF Company Profile

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.