Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Sees Significant Drop in Short Interest

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 276,740 shares, a drop of 61.7% from the January 15th total of 723,070 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 621,603 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 621,603 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the company’s stock are sold short.

Schwab International Dividend Equity ETF Stock Performance

SCHY stock opened at $32.98 on Wednesday. The firm has a 50 day moving average price of $30.40 and a 200-day moving average price of $29.00. Schwab International Dividend Equity ETF has a 52-week low of $22.97 and a 52-week high of $33.04. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.06 and a beta of 0.57.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Seek First Inc. increased its position in Schwab International Dividend Equity ETF by 0.9% during the 4th quarter. Seek First Inc. now owns 45,874 shares of the company’s stock valued at $1,368,000 after purchasing an additional 430 shares during the period. Per Stirling Capital Management LLC. boosted its stake in shares of Schwab International Dividend Equity ETF by 2.2% during the third quarter. Per Stirling Capital Management LLC. now owns 22,325 shares of the company’s stock valued at $624,000 after purchasing an additional 491 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Schwab International Dividend Equity ETF by 4.2% during the second quarter. Janney Montgomery Scott LLC now owns 12,360 shares of the company’s stock valued at $338,000 after buying an additional 500 shares during the period. OMC Financial Services LTD raised its stake in Schwab International Dividend Equity ETF by 0.3% in the fourth quarter. OMC Financial Services LTD now owns 158,978 shares of the company’s stock worth $4,741,000 after buying an additional 540 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Schwab International Dividend Equity ETF by 5.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,016 shares of the company’s stock worth $329,000 after buying an additional 578 shares during the period.

About Schwab International Dividend Equity ETF

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.