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

Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,892,965 shares, an increase of 32.2% from the December 31st total of 2,943,847 shares. Based on an average daily volume of 11,316,494 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 11,316,494 shares, the days-to-cover ratio is presently 0.3 days.

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

Shares of SCHG traded down $0.82 during trading hours on Tuesday, hitting $31.26. 17,268,488 shares of the stock were exchanged, compared to its average volume of 12,349,902. Schwab U.S. Large-Cap Growth ETF has a fifty-two week low of $21.37 and a fifty-two week high of $33.74. The business has a 50-day moving average of $32.60 and a 200-day moving average of $31.85. The firm has a market capitalization of $51.15 billion, a P/E ratio of 34.24 and a beta of 1.15.

Institutional Investors Weigh In On Schwab U.S. Large-Cap Growth ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Flagship Wealth Advisors LLC increased its stake in Schwab U.S. Large-Cap Growth ETF by 50.5% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 203,727 shares of the company’s stock valued at $6,501,000 after buying an additional 68,389 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Schwab U.S. Large-Cap Growth ETF by 16.9% in the second quarter. J.W. Cole Advisors Inc. now owns 367,653 shares of the company’s stock valued at $10,739,000 after acquiring an additional 53,037 shares in the last quarter. Fingerlakes Wealth Management Inc. increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 11.9% during the third quarter. Fingerlakes Wealth Management Inc. now owns 218,248 shares of the company’s stock valued at $6,964,000 after acquiring an additional 23,155 shares during the last quarter. Fortis Capital Advisors LLC increased its position in shares of Schwab U.S. Large-Cap Growth ETF by 1.8% during the third quarter. Fortis Capital Advisors LLC now owns 1,016,583 shares of the company’s stock valued at $32,439,000 after acquiring an additional 17,522 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Schwab U.S. Large-Cap Growth ETF by 39.3% during the second quarter. Parkside Financial Bank & Trust now owns 107,976 shares of the company’s stock worth $3,154,000 after acquiring an additional 30,468 shares during the period.

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.