Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) Sees Significant Growth in Short Interest

Schwab U.S. Large-Cap Value ETF (NYSEARCA:SCHV) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,428,366 shares, an increase of 206.0% from the May 14th total of 466,839 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,143,497 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Schwab U.S. Large-Cap Value ETF

A number of large investors have recently bought and sold shares of SCHV. JPL Wealth Management LLC purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 3rd quarter worth $26,000. Laurel Wealth Advisors LLC purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 4th quarter worth $27,000. Ascentis Independent Advisors purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 1st quarter worth $32,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Schwab U.S. Large-Cap Value ETF during the 4th quarter worth $38,000. Finally, Strategic Wealth Advisors LLC lifted its stake in shares of Schwab U.S. Large-Cap Value ETF by 95.6% during the 1st quarter. Strategic Wealth Advisors LLC now owns 1,526 shares of the company’s stock worth $46,000 after purchasing an additional 746 shares during the period.

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

Shares of NYSEARCA:SCHV opened at $34.13 on Friday. The business’s fifty day moving average price is $32.53 and its two-hundred day moving average price is $31.32. The stock has a market cap of $15.97 billion, a PE ratio of 19.08 and a beta of 0.83. Schwab U.S. Large-Cap Value ETF has a one year low of $27.00 and a one year high of $34.26.

Schwab U.S. Large-Cap Value ETF Company Profile

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.