Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Short Interest Update

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 723,070 shares, a drop of 25.9% from the December 31st total of 975,419 shares. Based on an average daily trading volume, of 658,935 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.2% of the company’s shares are short sold. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 658,935 shares, the days-to-cover ratio is presently 1.1 days.

Schwab International Dividend Equity ETF Stock Up 0.9%

Shares of SCHY traded up $0.28 during midday trading on Tuesday, reaching $31.97. The company had a trading volume of 665,371 shares, compared to its average volume of 659,109. Schwab International Dividend Equity ETF has a 1-year low of $22.97 and a 1-year high of $32.02. The firm has a 50 day simple moving average of $30.02 and a 200-day simple moving average of $28.79. The stock has a market cap of $1.91 billion, a PE ratio of 14.06 and a beta of 0.57.

Hedge Funds Weigh In On Schwab International Dividend Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of SCHY. CWM LLC acquired a new stake in shares of Schwab International Dividend Equity ETF during the second quarter worth about $26,000. Optima Capital LLC purchased a new stake in shares of Schwab International Dividend Equity ETF during the fourth quarter worth $30,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Schwab International Dividend Equity ETF in the second quarter valued at $30,000. Farther Finance Advisors LLC purchased a new position in Schwab International Dividend Equity ETF in the second quarter valued at $32,000. Finally, International Assets Investment Management LLC acquired a new position in Schwab International Dividend Equity ETF during the 4th quarter worth $54,000.

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.