Schwab US Large-Cap ETF (NYSEARCA:SCHX) Short Interest Update
by Kim Johansen · The Markets DailySchwab US Large-Cap ETF (NYSEARCA:SCHX – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 4,136,008 shares, an increase of 205.7% from the May 31st total of 1,352,779 shares. Based on an average daily volume of 15,332,528 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.
Schwab US Large-Cap ETF Stock Performance
SCHX traded up $0.42 during trading on Monday, hitting $29.21. 12,540,574 shares of the stock were exchanged, compared to its average volume of 19,607,279. The firm has a 50 day simple moving average of $28.96 and a 200 day simple moving average of $27.58. The firm has a market cap of $70.44 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. Schwab US Large-Cap ETF has a 1 year low of $24.35 and a 1 year high of $29.95.
Hedge Funds Weigh In On Schwab US Large-Cap ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SCHX. Corient Private Wealth LLC boosted its position in Schwab US Large-Cap ETF by 163.9% during the 2nd quarter. Corient Private Wealth LLC now owns 12,518,206 shares of the company’s stock valued at $306,087,000 after acquiring an additional 7,775,179 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Schwab US Large-Cap ETF during the 4th quarter worth approximately $86,562,000. Financial Solutions Advisory Group Inc. purchased a new stake in shares of Schwab US Large-Cap ETF during the 1st quarter valued at $70,778,000. Scarborough Advisors LLC purchased a new stake in Schwab US Large-Cap ETF in the first quarter valued at about $60,491,000. Finally, Fund Evaluation Group LLC raised its stake in Schwab US Large-Cap ETF by 32.4% in the fourth quarter. Fund Evaluation Group LLC now owns 9,492,565 shares of the company’s stock valued at $255,445,000 after buying an additional 2,325,216 shares during the last quarter.
Schwab US Large-Cap ETF Company Profile
Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.