Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Sees Significant Decline in Short Interest

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 4,357,435 shares, a decline of 18.5% from the February 12th total of 5,347,724 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 20,593,855 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 20,593,855 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Schwab US Dividend Equity ETF

Several large investors have recently bought and sold shares of the stock. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Schwab US Dividend Equity ETF by 1,241.8% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $25,000. Biltmore Family Office LLC grew its stake in Schwab US Dividend Equity ETF by 116.4% during the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after buying an additional 524 shares during the last quarter. Field & Main Bank purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Finally, Dynamic Wealth Strategies LLC acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000.

Schwab US Dividend Equity ETF Trading Down 0.1%

Shares of Schwab US Dividend Equity ETF stock opened at $30.80 on Friday. The company has a fifty day simple moving average of $30.32 and a 200-day simple moving average of $28.35. The stock has a market cap of $81.01 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $31.95.

Schwab US Dividend Equity ETF Company Profile

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.