Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Shares Shorted: Short Interest Down 37.6% in September

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,726,523 shares, a decline of 37.6% from the September 15th total of 2,766,024 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,660,240 shares, the short-interest ratio is presently 0.2 days.

Schwab U.S. Large-Cap Growth ETF Trading Down 1.7%

Shares of NYSEARCA SCHG traded down $0.61 during midday trading on Friday, reaching $35.31. The company had a trading volume of 4,256,026 shares, compared to its average volume of 12,189,409. Schwab U.S. Large-Cap Growth ETF has a 1 year low of $27.96 and a 1 year high of $37.10. The business’s 50-day simple moving average is $35.76 and its 200 day simple moving average is $34.21. The stock has a market cap of $63.13 billion, a P/E ratio of 34.24 and a beta of 1.19.

Hedge Funds Weigh In On Schwab U.S. Large-Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in Schwab U.S. Large-Cap Growth ETF by 7.6% during the 1st quarter. Sei Investments Co. now owns 47,564,768 shares of the company’s stock valued at $1,385,562,000 after purchasing an additional 3,356,829 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Schwab U.S. Large-Cap Growth ETF by 5.9% in the first quarter. Cetera Investment Advisers now owns 17,955,640 shares of the company’s stock worth $523,048,000 after purchasing an additional 995,373 shares during the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 0.9% during the first quarter. Avantax Planning Partners Inc. now owns 15,031,527 shares of the company’s stock worth $437,868,000 after purchasing an additional 140,994 shares during the period. Mather Group LLC. acquired a new position in Schwab U.S. Large-Cap Growth ETF in the 3rd quarter worth approximately $353,939,000. Finally, Bank of America Corp DE raised its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 17.1% during the first quarter. Bank of America Corp DE now owns 10,007,876 shares of the company’s stock worth $291,529,000 after purchasing an additional 1,461,332 shares during the last quarter.

About Schwab U.S. Large-Cap Growth ETF

Schwab U.S. Large-Cap Growth ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index (the Index). The Fund’s index includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Growth Total Stock Market Index includes the components ranked 1-750 by full market capitalization and that are classified as growth. The Index is a float-adjusted market capitalization weighted index.