Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Short Interest Up 377.1% in June

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,085,361 shares, a growth of 377.1% from the June 15th total of 227,501 shares. Based on an average daily volume of 3,376,261 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

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

Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Schwab U.S. Large-Cap Value ETF by 282.6% in the fourth quarter. Brighton Jones LLC now owns 28,473 shares of the company’s stock valued at $742,000 after purchasing an additional 21,031 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Schwab U.S. Large-Cap Value ETF by 200.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 20,879 shares of the company’s stock worth $544,000 after purchasing an additional 13,925 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 179.6% during the first quarter. AQR Capital Management LLC now owns 35,409 shares of the company’s stock worth $941,000 after purchasing an additional 22,744 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 27.4% during the second quarter. Brown Advisory Inc. now owns 12,952 shares of the company’s stock worth $358,000 after purchasing an additional 2,787 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Schwab U.S. Large-Cap Value ETF by 2,712.1% during the second quarter. Qube Research & Technologies Ltd now owns 12,542 shares of the company’s stock worth $347,000 after purchasing an additional 12,096 shares during the period.

Schwab U.S. Large-Cap Value ETF Trading Up 0.2%

Shares of NYSEARCA SCHV traded up $0.07 during midday trading on Friday, reaching $34.39. The company had a trading volume of 1,920,876 shares, compared to its average volume of 4,171,099. The business’s 50-day simple moving average is $33.76 and its 200 day simple moving average is $32.05. The stock has a market cap of $15.77 billion, a P/E ratio of 19.08 and a beta of 0.82. Schwab U.S. Large-Cap Value ETF has a 1 year low of $27.39 and a 1 year high of $35.05.

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.