Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sees Significant Drop in Short Interest
by Jessica Moore · The Cerbat GemSchwab US Dividend Equity ETF (NYSEARCA:SCHD – Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 3,078,298 shares, a drop of 35.1% from the March 15th total of 4,741,337 shares. Based on an average trading volume of 27,780,745 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.
Institutional Trading of Schwab US Dividend Equity ETF
Several large investors have recently bought and sold shares of SCHD. Asset Allocation & Management Company LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 4.5% during the 1st quarter. Asset Allocation & Management Company LLC now owns 365,718 shares of the company’s stock valued at $11,220,000 after buying an additional 15,755 shares during the last quarter. Aspen Investment Management Inc boosted its stake in shares of Schwab US Dividend Equity ETF by 71.6% during the 1st quarter. Aspen Investment Management Inc now owns 93,094 shares of the company’s stock valued at $2,856,000 after buying an additional 38,850 shares during the last quarter. J. Derek Lewis & Associates Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $1,447,000. Purpose Unlimited Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $8,778,000. Finally, Cornerstone Planning LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $426,000.
Schwab US Dividend Equity ETF Trading Down 0.2%
NYSEARCA:SCHD traded down $0.06 during trading hours on Wednesday, hitting $30.65. The stock had a trading volume of 18,918,076 shares, compared to its average volume of 23,966,836. Schwab US Dividend Equity ETF has a 1-year low of $24.76 and a 1-year high of $31.95. The business has a 50 day simple moving average of $31.04 and a two-hundred day simple moving average of $28.85. The company has a market cap of $85.71 billion, a PE ratio of 14.57 and a beta of 0.70.
About Schwab US Dividend Equity ETF
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.