Schwab US Large-Cap ETF (NYSEARCA:SCHX) Short Interest Down 38.2% in August

Schwab US Large-Cap ETF (NYSEARCA:SCHX) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 2,428,220 shares, a drop of 38.2% from the July 30th total of 3,926,684 shares. Based on an average trading volume of 6,983,374 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Schwab US Large-Cap ETF Price Performance

NYSEARCA SCHX opened at $30.34 on Monday. The firm has a 50-day moving average price of $29.73 and a two-hundred day moving average price of $28.43. Schwab US Large-Cap ETF has a 12-month low of $24.81 and a 12-month high of $30.77. The company has a market capitalization of $74.02 billion, a P/E ratio of 25.66 and a beta of 1.00.

Hedge Funds Weigh In On Schwab US Large-Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in Schwab US Large-Cap ETF by 198.5% in the 4th 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. boosted 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 acquiring an additional 15,522 shares in the last quarter. First Trust Advisors LP bought a new position in Schwab US Large-Cap ETF in the second quarter valued at approximately $633,000. Baird Financial Group Inc. raised its position in Schwab US Large-Cap ETF by 25.1% during the second quarter. Baird Financial Group Inc. now owns 35,076 shares of the company’s stock valued at $857,000 after purchasing an additional 7,045 shares in the last quarter. Finally, Ieq Capital LLC raised its position in Schwab US Large-Cap ETF by 9.1% during the second quarter. Ieq Capital LLC now owns 247,992 shares of the company’s stock valued at $6,061,000 after purchasing an additional 20,758 shares in the last quarter.

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.