Schwab US Broad Market ETF (NYSEARCA:SCHB) Sees Significant Growth in Short Interest

Schwab US Broad Market ETF (NYSEARCA:SCHB) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,560,185 shares, a growth of 60.6% from the February 26th total of 1,594,281 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 12,973,393 shares, the short-interest ratio is currently 0.2 days.

Schwab US Broad Market ETF Trading Down 1.7%

Shares of Schwab US Broad Market ETF stock traded down $0.43 during trading on Friday, reaching $24.50. The company’s stock had a trading volume of 15,238,404 shares, compared to its average volume of 10,358,831. The stock has a 50-day moving average price of $26.22 and a two-hundred day moving average price of $26.11. The stock has a market capitalization of $35.70 billion, a P/E ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a one year low of $18.52 and a one year high of $26.94.

Hedge Funds Weigh In On Schwab US Broad Market ETF

A number of institutional investors have recently modified their holdings of SCHB. Financial Life Planners acquired a new position in shares of Schwab US Broad Market ETF in the 3rd quarter valued at $27,000. Birchwood Financial Partners Inc. bought a new stake in Schwab US Broad Market ETF in the fourth quarter valued at about $28,000. Wiser Advisor Group LLC acquired a new position in Schwab US Broad Market ETF in the third quarter valued at about $29,000. Bayban acquired a new position in Schwab US Broad Market ETF in the fourth quarter valued at about $33,000. Finally, LRI Investments LLC bought a new position in Schwab US Broad Market ETF during the fourth quarter worth about $35,000.

About Schwab US Broad Market ETF

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available. The types of derivatives used by the Fund are options, futures, options on futures and swaps.