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

Schwab US Large-Cap ETF (NYSEARCA:SCHX) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 1,825,460 shares, a drop of 13.4% from the February 26th total of 2,108,964 shares. Based on an average daily trading volume, of 30,910,554 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Schwab US Large-Cap ETF

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Schwab US Large-Cap ETF by 198.5% in the fourth quarter. Brighton Jones LLC now owns 211,330 shares of the company’s stock valued at $4,899,000 after buying an additional 140,539 shares during the period. Russell Investments Group Ltd. increased its position in Schwab US Large-Cap ETF by 33.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 62,112 shares of the company’s stock valued at $1,518,000 after acquiring an additional 15,522 shares during the period. Lido Advisors LLC raised its stake in shares of Schwab US Large-Cap ETF by 8.9% during the second quarter. Lido Advisors LLC now owns 209,602 shares of the company’s stock valued at $5,123,000 after acquiring an additional 17,175 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Schwab US Large-Cap ETF during the second quarter worth $652,000. Finally, Beacon Pointe Advisors LLC grew its stake in shares of Schwab US Large-Cap ETF by 0.9% in the second quarter. Beacon Pointe Advisors LLC now owns 6,043,038 shares of the company’s stock worth $147,692,000 after purchasing an additional 52,341 shares during the last quarter.

Schwab US Large-Cap ETF Stock Performance

Shares of NYSEARCA:SCHX opened at $24.92 on Tuesday. Schwab US Large-Cap ETF has a 52-week low of $19.00 and a 52-week high of $27.54. The company has a market capitalization of $58.91 billion, a PE ratio of 25.66 and a beta of 1.01. The company has a fifty day moving average of $26.75 and a 200-day moving average of $26.73.

Schwab US Large-Cap ETF Company Profile

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.