Schwab U.S. REIT ETF (NYSEARCA:SCHH) Stock Short Interest Falls 52.7%

Schwab U.S. REIT ETF (NYSEARCA:SCHH) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 940,589 shares, a drop of 52.7% from the September 30th total of 1,987,391 shares. Based on an average daily trading volume, of 12,448,648 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Schwab U.S. REIT ETF Stock Performance

SCHH remained flat at $23.05 during midday trading on Friday. 10,407,904 shares of the company’s stock were exchanged, compared to its average volume of 7,988,782. Schwab U.S. REIT ETF has a 52-week low of $20.63 and a 52-week high of $25.03. The business’s 50-day moving average price is $22.83 and its 200-day moving average price is $23.00. The company has a market capitalization of $11.06 billion, a PE ratio of 34.50 and a beta of 0.93.

Institutional Investors Weigh In On Schwab U.S. REIT ETF

A number of hedge funds have recently modified their holdings of SCHH. Compass Financial Management LLC boosted its holdings in shares of Schwab U.S. REIT ETF by 25.2% during the third quarter. Compass Financial Management LLC now owns 12,867 shares of the company’s stock worth $284,000 after purchasing an additional 2,590 shares during the period. Rakuten Investment Management Inc. raised its position in Schwab U.S. REIT ETF by 15.9% during the 3rd quarter. Rakuten Investment Management Inc. now owns 29,769 shares of the company’s stock valued at $662,000 after purchasing an additional 4,079 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in Schwab U.S. REIT ETF in the 3rd quarter worth approximately $1,146,000. Vise Technologies Inc. lifted its holdings in Schwab U.S. REIT ETF by 6.0% in the 3rd quarter. Vise Technologies Inc. now owns 448,754 shares of the company’s stock worth $9,891,000 after buying an additional 25,235 shares during the period. Finally, MGO One Seven LLC lifted its holdings in Schwab U.S. REIT ETF by 1.3% in the 3rd quarter. MGO One Seven LLC now owns 104,403 shares of the company’s stock worth $2,301,000 after buying an additional 1,309 shares during the period.

Schwab U.S. REIT ETF Company Profile

The Schwab U.S. REIT ETF (SCHH) is an exchange-traded fund that is based on the Dow Jones Equity All REIT Capped index, a market-cap-weighted index of US real estate investment trusts, excluding mortgage REITs and hybrid REITs. SCHH was launched on Jan 13, 2011 and is managed by Charles Schwab.