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

Schwab U.S. REIT ETF (NYSEARCA:SCHH) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 940,589 shares, a decline 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 stock are sold short.

Schwab U.S. REIT ETF Stock Performance

Shares of Schwab U.S. REIT ETF stock remained flat at $23.05 during trading on Friday. The stock had a trading volume of 10,407,904 shares, compared to its average volume of 7,988,782. The firm’s fifty day simple moving average is $22.83 and its two-hundred day simple moving average is $23.00. Schwab U.S. REIT ETF has a twelve month low of $20.63 and a twelve month high of $25.03. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 34.50 and a beta of 0.93.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Waverly Advisors LLC increased its stake in shares of Schwab U.S. REIT ETF by 2,599.4% during the 1st quarter. Waverly Advisors LLC now owns 746,140 shares of the company’s stock worth $16,035,000 after purchasing an additional 718,499 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Schwab U.S. REIT ETF by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,756,832 shares of the company’s stock worth $278,402,000 after acquiring an additional 712,099 shares in the last quarter. Courage Miller Partners LLC bought a new stake in shares of Schwab U.S. REIT ETF during the 3rd quarter worth about $11,471,000. Wealth Management Resources Inc. acquired a new position in shares of Schwab U.S. REIT ETF during the 3rd quarter valued at about $9,249,000. Finally, Manning & Napier Advisors LLC raised its stake in shares of Schwab U.S. REIT ETF by 44.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 709,478 shares of the company’s stock valued at $15,247,000 after acquiring an additional 218,099 shares in the last quarter.

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.