Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Short Interest Up 22.4% in February

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,347,724 shares, an increase of 22.4% from the January 29th total of 4,370,714 shares. Based on an average daily volume of 26,696,529 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 26,696,529 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Schwab US Dividend Equity ETF

A number of hedge funds have recently modified their holdings of SCHD. Mountain Hill Investment Partners Corp. raised its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% in the fourth 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 in the last quarter. Merrithew & Thorsten Inc bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at $25,000. Biltmore Family Office LLC increased its holdings in Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after buying an additional 524 shares during the period. Field & Main Bank acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $29,000. Finally, Dynamic Wealth Strategies LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD traded down $0.27 during trading hours on Tuesday, reaching $31.59. 29,329,866 shares of the company traded hands, compared to its average volume of 22,424,750. The stock’s fifty day moving average is $29.68 and its 200 day moving average is $28.13. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $31.95. The stock has a market cap of $83.09 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.