Short Interest in Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Increases By 29.2%

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 526,022 shares, a growth of 29.2% from the March 31st total of 407,160 shares. Based on an average trading volume of 590,087 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

A number of large investors have recently modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Schwab International Dividend Equity ETF in the 4th quarter worth $468,000. Inspire Advisors LLC acquired a new position in shares of Schwab International Dividend Equity ETF during the third quarter valued at about $710,000. DAVENPORT & Co LLC bought a new stake in shares of Schwab International Dividend Equity ETF during the fourth quarter worth about $829,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Schwab International Dividend Equity ETF in the 3rd quarter worth about $5,139,000. Finally, Vawter Financial Ltd. acquired a new position in Schwab International Dividend Equity ETF during the 3rd quarter valued at about $569,000.

Schwab International Dividend Equity ETF Stock Up 0.2%

SCHY traded up $0.06 during trading on Friday, hitting $32.46. The company’s stock had a trading volume of 271,224 shares, compared to its average volume of 695,363. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57. The firm’s 50 day moving average price is $32.21 and its two-hundred day moving average price is $30.72. Schwab International Dividend Equity ETF has a 12 month low of $26.11 and a 12 month high of $34.04.

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.