Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Stock Short Interest Drops 48.1%

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 499,177 shares, a decrease of 48.1% from the September 30th total of 961,488 shares. Based on an average daily volume of 3,084,975 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC increased its holdings in Schwab U.S. Large-Cap Value ETF by 1.7% during the third quarter. Kestra Private Wealth Services LLC now owns 37,434 shares of the company’s stock worth $1,247,000 after buying an additional 629 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Schwab U.S. Large-Cap Value ETF by 39.3% in the third quarter. Chicago Partners Investment Group LLC now owns 78,951 shares of the company’s stock valued at $2,711,000 after acquiring an additional 22,276 shares during the last quarter. Kelleher Financial Advisors acquired a new stake in Schwab U.S. Large-Cap Value ETF in the third quarter valued at $973,000. MFG Investments LLC bought a new position in shares of Schwab U.S. Large-Cap Value ETF in the 3rd quarter valued at about $9,819,000. Finally, Ackerman Capital Advisors LLC increased its stake in shares of Schwab U.S. Large-Cap Value ETF by 2.7% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 274,856 shares of the company’s stock worth $9,155,000 after purchasing an additional 7,285 shares during the last quarter.

Schwab U.S. Large-Cap Value ETF Price Performance

SCHV stock traded down $0.35 during midday trading on Friday, hitting $34.63. The company’s stock had a trading volume of 5,074,343 shares, compared to its average volume of 3,802,192. Schwab U.S. Large-Cap Value ETF has a twelve month low of $28.29 and a twelve month high of $35.49. The company’s fifty day moving average price is $34.22 and its 200 day moving average price is $33.09. The stock has a market capitalization of $15.68 billion, a P/E ratio of 19.08 and a beta of 0.83.

Schwab U.S. Large-Cap Value ETF Company Profile

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