Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sees Significant Decline in Short Interest

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,078,298 shares, a drop of 35.1% from the March 15th total of 4,741,337 shares. Based on an average daily volume of 27,780,745 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD traded down $0.03 during trading hours on Tuesday, hitting $30.71. The stock had a trading volume of 18,605,671 shares, compared to its average volume of 24,037,336. The company has a 50 day simple moving average of $31.05 and a two-hundred day simple moving average of $28.84. Schwab US Dividend Equity ETF has a one year low of $24.76 and a one year high of $31.95. The firm has a market capitalization of $85.88 billion, a price-to-earnings ratio of 14.57 and a beta of 0.70.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Colorado Capital Management Inc. boosted its holdings in Schwab US Dividend Equity ETF by 0.9% in the 4th quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after purchasing an additional 362 shares during the period. Ellis Investment Partners LLC boosted its holdings in Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Ellis Investment Partners LLC now owns 34,365 shares of the company’s stock valued at $938,000 after purchasing an additional 375 shares during the period. Harbor Group Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 4.8% during the 3rd quarter. Harbor Group Inc. now owns 8,410 shares of the company’s stock worth $230,000 after acquiring an additional 383 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock worth $198,000 after acquiring an additional 383 shares during the last quarter. Finally, International Private Wealth Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.3% during the 4th quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock worth $340,000 after acquiring an additional 397 shares during the last quarter.

Schwab US Dividend Equity ETF Company Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.