Schwab U.S. REIT ETF (NYSEARCA:SCHH) Stock Short Interest Declines 52.7%

Schwab U.S. REIT ETF (NYSEARCA:SCHH) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 940,589 shares, a decrease of 52.7% from the September 30th total of 1,987,391 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 12,448,648 shares, the days-to-cover ratio is currently 0.1 days.

Schwab U.S. REIT ETF Price Performance

Shares of SCHH stock remained flat at $23.05 on Friday. 10,407,904 shares of the company traded hands, compared to its average volume of 7,988,782. Schwab U.S. REIT ETF has a 52 week low of $20.63 and a 52 week high of $25.03. The firm’s 50 day moving average is $22.83 and its two-hundred day moving average is $23.00. The stock has a market cap of $11.06 billion, a PE ratio of 34.50 and a beta of 0.93.

Hedge Funds Weigh In On Schwab U.S. REIT ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Simplicity Wealth LLC increased its stake in Schwab U.S. REIT ETF by 5.9% during the 3rd quarter. Simplicity Wealth LLC now owns 9,201 shares of the company’s stock valued at $203,000 after purchasing an additional 511 shares in the last quarter. WealthShield Partners LLC raised its holdings in Schwab U.S. REIT ETF by 1.6% in the first quarter. WealthShield Partners LLC now owns 35,437 shares of the company’s stock worth $762,000 after buying an additional 541 shares during the last quarter. Asset Dedication LLC lifted its stake in shares of Schwab U.S. REIT ETF by 47.0% in the first quarter. Asset Dedication LLC now owns 1,771 shares of the company’s stock worth $38,000 after buying an additional 566 shares in the last quarter. Koss Olinger Consulting LLC lifted its stake in shares of Schwab U.S. REIT ETF by 0.5% in the first quarter. Koss Olinger Consulting LLC now owns 106,108 shares of the company’s stock worth $2,280,000 after buying an additional 568 shares in the last quarter. Finally, Frisco Financial Planning LLC lifted its stake in shares of Schwab U.S. REIT ETF by 0.3% in the third quarter. Frisco Financial Planning LLC now owns 233,012 shares of the company’s stock worth $5,136,000 after buying an additional 752 shares in the last quarter.

About Schwab U.S. REIT ETF

The Schwab U.S. REIT ETF (SCHH) is an exchange-traded fund that is based on the Dow Jones Equity All REIT Capped index, a market-cap-weighted index of US real estate investment trusts, excluding mortgage REITs and hybrid REITs. SCHH was launched on Jan 13, 2011 and is managed by Charles Schwab.