Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sees Large Increase in Short Interest

by · The Markets Daily

Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 4,586,080 shares, a growth of 65.8% from the November 30th total of 2,765,838 shares. Based on an average daily volume of 18,704,261 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 18,704,261 shares, the days-to-cover ratio is currently 0.2 days.

Schwab US Dividend Equity ETF Trading Down 0.1%

Shares of Schwab US Dividend Equity ETF stock traded down $0.02 during mid-day trading on Monday, hitting $27.62. 15,241,948 shares of the stock were exchanged, compared to its average volume of 16,945,789. The stock has a market capitalization of $71.42 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $28.84. The company has a 50-day simple moving average of $27.24 and a 200 day simple moving average of $27.19.

Institutional Trading of Schwab US Dividend Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MOKAN Wealth Management Inc. grew its stake in Schwab US Dividend Equity ETF by 4.9% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after buying an additional 6,985 shares during the last quarter. Advisory Resource Group lifted its position in Schwab US Dividend Equity ETF by 4.4% during the 2nd quarter. Advisory Resource Group now owns 59,500 shares of the company’s stock worth $1,577,000 after acquiring an additional 2,520 shares during the last quarter. Welch Group LLC boosted its holdings in Schwab US Dividend Equity ETF by 44.7% during the second quarter. Welch Group LLC now owns 11,724 shares of the company’s stock valued at $311,000 after acquiring an additional 3,624 shares during the period. AE Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 13.2% in the second quarter. AE Wealth Management LLC now owns 321,104 shares of the company’s stock valued at $8,509,000 after purchasing an additional 37,403 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the second quarter worth about $2,494,000.

About Schwab US Dividend Equity ETF

(Get Free Report)

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.

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