Schwab US Large-Cap ETF (NYSEARCA:SCHX) Sees Large Drop in Short Interest

Schwab US Large-Cap ETF (NYSEARCA:SCHX) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 1,905,478 shares, a decline of 41.9% from the June 30th total of 3,280,679 shares. Based on an average daily trading volume, of 10,354,338 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Schwab US Large-Cap ETF Stock Performance

Shares of Schwab US Large-Cap ETF stock opened at $29.24 on Wednesday. Schwab US Large-Cap ETF has a fifty-two week low of $24.52 and a fifty-two week high of $29.95. The company has a market capitalization of $71.30 billion, a P/E ratio of 25.66 and a beta of 1.00. The company has a fifty day moving average of $29.37 and a 200 day moving average of $27.95.

Hedge Funds Weigh In On Schwab US Large-Cap ETF

A number of hedge funds have recently made changes to their positions in SCHX. IFC & Insurance Marketing Inc. bought a new stake in Schwab US Large-Cap ETF during the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Schwab US Large-Cap ETF in the 3rd quarter worth approximately $26,000. Optima Capital LLC bought a new position in Schwab US Large-Cap ETF in the 4th quarter worth approximately $29,000. Tidemark LLC boosted its stake in Schwab US Large-Cap ETF by 474.3% in the 4th quarter. Tidemark LLC now owns 1,275 shares of the company’s stock worth $34,000 after purchasing an additional 1,053 shares during the period. Finally, Signature Resources Capital Management LLC grew its holdings in Schwab US Large-Cap ETF by 510.5% during the 1st quarter. Signature Resources Capital Management LLC now owns 1,337 shares of the company’s stock valued at $34,000 after buying an additional 1,118 shares in the last quarter.

About Schwab US Large-Cap ETF

Schwab U.S. Large-Cap ETF (the Fund) goal is to track the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the Index). The Fund’s index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The Index is a float-adjusted market capitalization weighted index. The types of derivatives used by the Fund are options, futures, options on futures and swaps.