Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Shares Shorted: Short Interest Down 37.6% in September

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,726,523 shares, a drop of 37.6% from the September 15th total of 2,766,024 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,660,240 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. raised its holdings in Schwab U.S. Large-Cap Growth ETF by 7.6% during the 1st quarter. Sei Investments Co. now owns 47,564,768 shares of the company’s stock valued at $1,385,562,000 after acquiring an additional 3,356,829 shares during the period. Cetera Investment Advisers lifted its position in shares of Schwab U.S. Large-Cap Growth ETF by 5.9% during the first quarter. Cetera Investment Advisers now owns 17,955,640 shares of the company’s stock worth $523,048,000 after acquiring an additional 995,373 shares in the last quarter. Avantax Planning Partners Inc. boosted its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 0.9% in the first quarter. Avantax Planning Partners Inc. now owns 15,031,527 shares of the company’s stock worth $437,868,000 after acquiring an additional 140,994 shares during the period. Bank of America Corp DE boosted its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 17.1% in the first quarter. Bank of America Corp DE now owns 10,007,876 shares of the company’s stock worth $291,529,000 after acquiring an additional 1,461,332 shares during the period. Finally, Mather Group LLC. bought a new position in shares of Schwab U.S. Large-Cap Growth ETF in the third quarter worth $353,939,000.

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

Shares of SCHG traded down $0.72 during trading hours on Friday, hitting $35.21. The company’s stock had a trading volume of 8,929,295 shares, compared to its average volume of 12,215,614. The business has a 50 day simple moving average of $35.75 and a two-hundred day simple moving average of $34.21. Schwab U.S. Large-Cap Growth ETF has a 52-week low of $27.96 and a 52-week high of $37.10. The company has a market cap of $62.98 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19.

About Schwab U.S. Large-Cap Growth ETF

Schwab U.S. Large-Cap Growth ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index (the Index). The Fund’s index includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Growth Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as growth. The Index is a float-adjusted market capitalization weighted index.