Short Interest in Schwab International Dividend Equity ETF (NYSEARCA:SCHY) Drops By 38.1%

Schwab International Dividend Equity ETF (NYSEARCA:SCHY) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 382,027 shares, a drop of 38.1% from the June 15th total of 616,695 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 649,109 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Schwab International Dividend Equity ETF

Several hedge funds have recently made changes to their positions in SCHY. Optima Capital LLC purchased a new position in Schwab International Dividend Equity ETF during the fourth quarter valued at $30,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Schwab International Dividend Equity ETF in the 1st quarter worth about $44,000. Franklin Resources Inc. bought a new position in shares of Schwab International Dividend Equity ETF in the 4th quarter worth about $49,000. Biltmore Family Office LLC purchased a new position in Schwab International Dividend Equity ETF during the 4th quarter valued at about $51,000. Finally, International Assets Investment Management LLC bought a new stake in Schwab International Dividend Equity ETF during the fourth quarter worth about $54,000.

Schwab International Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHY opened at $32.54 on Friday. Schwab International Dividend Equity ETF has a 1 year low of $26.83 and a 1 year high of $34.04. The company has a market cap of $2.40 billion, a PE ratio of 14.06 and a beta of 0.53. The stock’s 50-day moving average is $32.18 and its 200 day moving average is $31.95.

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.