Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Sees Large Increase in Short Interest

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 425,096 shares, an increase of 105.5% from the April 15th total of 206,836 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,627,256 shares, the days-to-cover ratio is presently 0.1 days.

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

Several institutional investors have recently made changes to their positions in SCHV. JPL Wealth Management LLC purchased a new stake in shares of Schwab U.S. Large-Cap Value ETF during the 3rd quarter valued at approximately $26,000. Laurel Wealth Advisors LLC purchased a new stake in Schwab U.S. Large-Cap Value ETF in the fourth quarter valued at approximately $27,000. Ascentis Independent Advisors purchased a new stake in Schwab U.S. Large-Cap Value ETF in the first quarter valued at approximately $32,000. IFC & Insurance Marketing Inc. purchased a new stake in Schwab U.S. Large-Cap Value ETF in the fourth quarter valued at approximately $38,000. Finally, Strategic Wealth Advisors LLC raised its position in Schwab U.S. Large-Cap Value ETF by 95.6% in the first quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock valued at $46,000 after purchasing an additional 746 shares during the period.

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

Shares of SCHV stock traded down $0.41 during trading on Friday, hitting $32.56. 3,808,880 shares of the stock traded hands, compared to its average volume of 4,406,158. The firm has a market capitalization of $15.24 billion, a P/E ratio of 19.08 and a beta of 0.83. The firm’s fifty day moving average price is $31.47 and its 200-day moving average price is $30.71. Schwab U.S. Large-Cap Value ETF has a 52-week low of $26.21 and a 52-week high of $33.08.

About Schwab U.S. Large-Cap Value ETF

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.