Schwab International Equity ETF (NYSEARCA:SCHF) Sees Large Drop in Short Interest

Schwab International Equity ETF (NYSEARCA:SCHF) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 4,651,076 shares, a decline of 53.7% from the April 30th total of 10,044,488 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 7,524,342 shares, the days-to-cover ratio is currently 0.6 days.

Schwab International Equity ETF Stock Performance

Shares of Schwab International Equity ETF stock traded up $0.10 on Monday, hitting $27.87. The company’s stock had a trading volume of 9,301,750 shares, compared to its average volume of 11,602,521. Schwab International Equity ETF has a 1 year low of $21.34 and a 1 year high of $27.97. The firm has a fifty day moving average price of $26.27 and a 200-day moving average price of $25.39. The company has a market capitalization of $66.06 billion, a price-to-earnings ratio of 16.14 and a beta of 0.82.

Hedge Funds Weigh In On Schwab International Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Schwab International Equity ETF in the 4th quarter valued at about $25,000. CNB Bank purchased a new position in shares of Schwab International Equity ETF in the 4th quarter valued at about $27,000. Costello Asset Management INC increased its stake in shares of Schwab International Equity ETF by 281.7% in the 1st quarter. Costello Asset Management INC now owns 1,084 shares of the company’s stock valued at $27,000 after purchasing an additional 800 shares in the last quarter. Frazier Financial Advisors LLC increased its stake in shares of Schwab International Equity ETF by 288.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 1,133 shares of the company’s stock valued at $28,000 after purchasing an additional 841 shares in the last quarter. Finally, Optima Capital LLC purchased a new position in shares of Schwab International Equity ETF in the 4th quarter valued at about $30,000.

About Schwab International Equity ETF

Schwab Strategic Trust (the Trust) is an open-end management investment company. The Trust’s portfolio of funds include Schwab U.S. REIT ETF, Schwab U.S. Broad Market ETF, Schwab U.S. Large-Cap ETF, Schwab U.S. Large-Cap Growth ETF, Schwab U.S. Large-Cap Value ETF, Schwab U.S. Mid-Cap ETF, Schwab U.S. Small-Cap ETF, Schwab U.S. Dividend Equity ETF, Schwab International Equity ETF, Schwab International Small-Cap Equity ETF, Schwab Emerging Markets Equity ETF, Schwab U.S. TIPS ETF, Schwab Short-Term U.S.