Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) Sees Significant Drop in Short Interest

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 2,351,069 shares, a drop of 24.4% from the February 26th total of 3,109,254 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 26,002,332 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Schwab U.S. Large-Cap Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. boosted its position in Schwab U.S. Large-Cap Growth ETF by 16.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,232 shares of the company’s stock valued at $72,000 after purchasing an additional 312 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 0.4% during the 4th quarter. Duncker Streett & Co. Inc. now owns 74,707 shares of the company’s stock worth $2,437,000 after purchasing an additional 312 shares during the last quarter. Pinnacle Financial Partners Inc increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 0.9% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 36,217 shares of the company’s stock worth $1,156,000 after purchasing an additional 315 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in shares of Schwab U.S. Large-Cap Growth ETF by 0.8% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 40,616 shares of the company’s stock worth $1,296,000 after purchasing an additional 325 shares in the last quarter. Finally, CPC Advisors LLC raised its stake in shares of Schwab U.S. Large-Cap Growth ETF by 2.3% during the 4th quarter. CPC Advisors LLC now owns 14,719 shares of the company’s stock worth $480,000 after purchasing an additional 325 shares in the last quarter.

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

Shares of NYSEARCA:SCHG opened at $28.19 on Friday. The company’s 50-day moving average price is $30.85 and its two-hundred day moving average price is $31.87. Schwab U.S. Large-Cap Growth ETF has a one year low of $21.37 and a one year high of $33.74. The stock has a market capitalization of $46.14 billion, a PE ratio of 34.24 and a beta of 1.15.

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.