Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Stock Short Interest Rises 76.7%

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 961,488 shares, a growth of 76.7% from the September 15th total of 544,207 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,997,152 shares, the days-to-cover ratio is currently 0.3 days.

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

Shares of SCHV stock traded up $0.20 during mid-day trading on Thursday, hitting $34.12. 708,343 shares of the stock traded hands, compared to its average volume of 3,812,454. The stock has a market cap of $15.47 billion, a P/E ratio of 19.08 and a beta of 0.83. The stock’s fifty day moving average is $34.36 and its two-hundred day moving average is $33.62. Schwab U.S. Large-Cap Value ETF has a 52-week low of $28.29 and a 52-week high of $35.49.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Avantax Planning Partners Inc. boosted its position in Schwab U.S. Large-Cap Value ETF by 0.3% in the 1st quarter. Avantax Planning Partners Inc. now owns 10,217,486 shares of the company’s stock worth $311,633,000 after purchasing an additional 29,579 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 3rd quarter valued at approximately $257,154,000. Krilogy Financial LLC increased its holdings in shares of Schwab U.S. Large-Cap Value ETF by 0.5% during the 1st quarter. Krilogy Financial LLC now owns 2,872,287 shares of the company’s stock valued at $91,339,000 after purchasing an additional 14,078 shares in the last quarter. Cooper Financial Group lifted its stake in shares of Schwab U.S. Large-Cap Value ETF by 6.6% in the 2nd quarter. Cooper Financial Group now owns 2,276,475 shares of the company’s stock valued at $79,244,000 after purchasing an additional 140,501 shares during the period. Finally, World Investment Advisors lifted its stake in shares of Schwab U.S. Large-Cap Value ETF by 101.6% in the 1st quarter. World Investment Advisors now owns 1,977,398 shares of the company’s stock valued at $60,311,000 after purchasing an additional 996,424 shares during the period.

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.