Schwab U.S. REIT ETF (NYSEARCA:SCHH) Sees Large Decrease in Short Interest
by Amy Steele · The Cerbat GemSchwab U.S. REIT ETF (NYSEARCA:SCHH – Get Free Report) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,183,035 shares, a drop of 36.1% from the March 15th total of 1,852,721 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 16,022,189 shares, the days-to-cover ratio is currently 0.1 days.
Schwab U.S. REIT ETF Price Performance
Shares of NYSEARCA SCHH traded up $0.22 during mid-day trading on Tuesday, hitting $22.89. The company’s stock had a trading volume of 5,831,084 shares, compared to its average volume of 10,177,518. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 34.50 and a beta of 0.98. Schwab U.S. REIT ETF has a one year low of $20.01 and a one year high of $23.21. The company’s fifty day simple moving average is $22.29 and its 200-day simple moving average is $21.60.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SCHH. Horizon Investments LLC acquired a new position in shares of Schwab U.S. REIT ETF in the 4th quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in shares of Schwab U.S. REIT ETF in the 3rd quarter valued at $25,000. Gilpin Wealth Management LLC acquired a new position in shares of Schwab U.S. REIT ETF in the 4th quarter valued at $25,000. Blue Trust Inc. acquired a new position in shares of Schwab U.S. REIT ETF in the 3rd quarter valued at $26,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Schwab U.S. REIT ETF in the 4th quarter valued at about $26,000.
About Schwab U.S. REIT ETF
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.