Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Significant Decline in Short Interest

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 382,027 shares, a decline of 38.1% from the June 15th total of 616,695 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 649,109 shares, the days-to-cover ratio is currently 0.6 days.

Schwab International Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHY opened at $32.54 on Friday. The stock has a market cap of $2.40 billion, a PE ratio of 14.06 and a beta of 0.53. The firm has a fifty day moving average price of $32.18 and a 200-day moving average price of $31.95. Schwab International Dividend Equity ETF has a 1 year low of $26.83 and a 1 year high of $34.04.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Carolina Wealth Advisors LLC grew its position in shares of Schwab International Dividend Equity ETF by 4.6% during the second quarter. Carolina Wealth Advisors LLC now owns 136,901 shares of the company’s stock valued at $4,344,000 after purchasing an additional 6,038 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its stake in Schwab International Dividend Equity ETF by 57.8% during the second quarter. Strategic Investment Solutions Inc. IL now owns 3,767 shares of the company’s stock worth $120,000 after buying an additional 1,380 shares during the period. Integral Investment Advisors Inc. purchased a new position in shares of Schwab International Dividend Equity ETF during the 2nd quarter worth about $235,000. Western Wealth Management LLC purchased a new position in shares of Schwab International Dividend Equity ETF during the first quarter valued at approximately $1,207,000. Finally, NewEdge Advisors LLC grew its position in Schwab International Dividend Equity ETF by 2.5% in the 1st quarter. NewEdge Advisors LLC now owns 31,291 shares of the company’s stock valued at $991,000 after acquiring an additional 770 shares during the last quarter.

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.