Schwab US Large-Cap ETF (NYSEARCA:SCHX) Short Interest Down 49.4% in May

Schwab US Large-Cap ETF (NYSEARCA:SCHX) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,393,936 shares, a drop of 49.4% from the April 30th total of 2,753,404 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 13,779,916 shares, the days-to-cover ratio is presently 0.1 days.

Schwab US Large-Cap ETF Trading Up 0.2%

Shares of SCHX traded up $0.06 during trading hours on Tuesday, reaching $29.92. The company had a trading volume of 8,480,500 shares, compared to its average volume of 20,485,166. The firm has a 50 day simple moving average of $27.76 and a 200-day simple moving average of $27.23. The company has a market capitalization of $72.15 billion, a price-to-earnings ratio of 25.66 and a beta of 1.01. Schwab US Large-Cap ETF has a 12-month low of $21.81 and a 12-month high of $29.95.

Institutional Trading of Schwab US Large-Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Schwab US Large-Cap ETF by 198.5% during the 4th quarter. Brighton Jones LLC now owns 211,330 shares of the company’s stock worth $4,899,000 after purchasing an additional 140,539 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Schwab US Large-Cap ETF by 33.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 62,112 shares of the company’s stock worth $1,518,000 after purchasing an additional 15,522 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Schwab US Large-Cap ETF during the 2nd quarter worth approximately $633,000. Baird Financial Group Inc. raised its position in shares of Schwab US Large-Cap ETF by 25.1% during the 2nd quarter. Baird Financial Group Inc. now owns 35,076 shares of the company’s stock worth $857,000 after purchasing an additional 7,045 shares during the last quarter. Finally, Ieq Capital LLC raised its position in shares of Schwab US Large-Cap ETF by 9.1% during the 2nd quarter. Ieq Capital LLC now owns 247,992 shares of the company’s stock worth $6,061,000 after purchasing an additional 20,758 shares during 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.