Short Interest in Schwab U.S. REIT ETF (NYSEARCA:SCHH) Declines By 55.9%

Schwab U.S. REIT ETF (NYSEARCA:SCHH) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 530,539 shares, a decrease of 55.9% from the August 15th total of 1,203,229 shares. Based on an average daily trading volume, of 4,338,258 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Schwab U.S. REIT ETF

Hedge funds have recently made changes to their positions in the stock. Dumac Inc. bought a new position in Schwab U.S. REIT ETF in the 4th quarter valued at $163,918,000. Waverly Advisors LLC increased its position in 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 valued at $16,035,000 after purchasing an additional 718,499 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Schwab U.S. REIT ETF by 6.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,916,100 shares of the company’s stock valued at $186,257,000 after purchasing an additional 557,970 shares in the last quarter. Amicus Financial Advisors LLC bought a new position in Schwab U.S. REIT ETF in the fourth quarter worth about $7,243,000. Finally, Manning & Napier Advisors LLC lifted its position in shares of Schwab U.S. REIT ETF by 44.4% during the first quarter. Manning & Napier Advisors LLC now owns 709,478 shares of the company’s stock valued at $15,247,000 after buying an additional 218,099 shares during the last quarter.

Schwab U.S. REIT ETF Stock Performance

Shares of NYSEARCA SCHH traded up $0.01 during trading hours on Wednesday, hitting $23.04. The company’s stock had a trading volume of 5,386,905 shares, compared to its average volume of 7,520,391. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 34.50 and a beta of 0.93. Schwab U.S. REIT ETF has a 12 month low of $20.63 and a 12 month high of $25.03. The business has a 50-day simple moving average of $23.97 and a 200-day simple moving average of $23.37.

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.