Schwab International Small-Cap Equity ETF (NYSEARCA:SCHC) Sees Significant Growth in Short Interest

Schwab International Small-Cap Equity ETF (NYSEARCA:SCHC) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 698,698 shares, a growth of 79.1% from the May 14th total of 390,164 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 323,131 shares, the days-to-cover ratio is presently 2.2 days.

Schwab International Small-Cap Equity ETF Stock Down 0.0%

SCHC traded down $0.02 during midday trading on Tuesday, hitting $50.18. 480,782 shares of the company were exchanged, compared to its average volume of 473,616. The firm has a market capitalization of $5.57 billion, a P/E ratio of 16.25 and a beta of 0.90. Schwab International Small-Cap Equity ETF has a 1-year low of $40.68 and a 1-year high of $51.78. The firm’s 50 day moving average price is $49.92 and its 200-day moving average price is $48.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of Schwab International Small-Cap Equity ETF in the 4th quarter valued at about $72,177,000. TIAA Trust National Association lifted its stake in shares of Schwab International Small-Cap Equity ETF by 15.2% in the 4th quarter. TIAA Trust National Association now owns 4,177,112 shares of the company’s stock valued at $190,184,000 after purchasing an additional 550,585 shares during the period. Redwood Investment Management LLC increased its holdings in Schwab International Small-Cap Equity ETF by 129.3% in the second quarter. Redwood Investment Management LLC now owns 522,438 shares of the company’s stock worth $22,251,000 after purchasing an additional 294,605 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Schwab International Small-Cap Equity ETF by 23.9% in the second quarter. Corient Private Wealth LLC now owns 1,439,930 shares of the company’s stock worth $61,327,000 after purchasing an additional 277,694 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in Schwab International Small-Cap Equity ETF in the second quarter valued at approximately $10,388,000.

Schwab International Small-Cap Equity ETF Company Profile

Schwab International Small-Cap Equity ETF (the Fund) seeks to track the total return of the FTSE Developed Small Cap ex-US Liquid Index (the Index). The Fund’s index consists of small capitalization companies in developed countries outside the United States. The Index defines the small capitalization universe as approximately the bottom 10% of the eligible universe with a minimum free float capitalization of $150 million. The types of derivatives used by the Fund are options, futures, options on futures and swaps.