Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Shares Shorted: Short Interest Up 142.2% in October

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 495,073 shares, a growth of 142.2% from the October 15th total of 204,437 shares. Based on an average daily volume of 459,547 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Trading of Schwab International Dividend Equity ETF

A number of large investors have recently added to or reduced their stakes in SCHY. Benjamin Edwards Inc. purchased a new position in shares of Schwab International Dividend Equity ETF in the third quarter valued at $377,000. Vawter Financial Ltd. bought a new stake in Schwab International Dividend Equity ETF in the third quarter worth $242,000. HighTower Advisors LLC bought a new stake in Schwab International Dividend Equity ETF in the third quarter worth $14,282,000. Silver Oak Securities Incorporated bought a new stake in Schwab International Dividend Equity ETF in the third quarter worth $440,000. Finally, Harbour Investments Inc. purchased a new stake in Schwab International Dividend Equity ETF during the third quarter valued at $200,000.

Schwab International Dividend Equity ETF Trading Up 0.3%

Shares of NYSEARCA:SCHY traded up $0.09 during mid-day trading on Friday, reaching $33.43. The stock had a trading volume of 418,658 shares, compared to its average volume of 619,565. The business’s 50 day moving average price is $32.55 and its 200 day moving average price is $32.49. Schwab International Dividend Equity ETF has a 1 year low of $28.41 and a 1 year high of $34.04. The company has a market cap of $2.77 billion, a P/E ratio of 15.31 and a beta of 0.52.

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.