Schwab US Broad Market ETF (NYSEARCA:SCHB) Sees Large Increase in Short Interest

Schwab US Broad Market ETF (NYSEARCA:SCHB) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 2,653,096 shares, a growth of 14.5% from the March 31st total of 2,317,229 shares. Based on an average daily volume of 10,242,228 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rebalance LLC increased its holdings in Schwab US Broad Market ETF by 3.3% in the 4th quarter. Rebalance LLC now owns 14,963,211 shares of the company’s stock worth $392,485,000 after acquiring an additional 483,144 shares in the last quarter. HighTower Advisors LLC increased its holdings in Schwab US Broad Market ETF by 11.0% in the 4th quarter. HighTower Advisors LLC now owns 8,631,797 shares of the company’s stock worth $226,412,000 after acquiring an additional 854,800 shares in the last quarter. Bouchey Financial Group Ltd increased its holdings in Schwab US Broad Market ETF by 0.5% in the 3rd quarter. Bouchey Financial Group Ltd now owns 8,318,386 shares of the company’s stock worth $213,866,000 after acquiring an additional 42,459 shares in the last quarter. Hanson & Doremus Investment Management increased its holdings in Schwab US Broad Market ETF by 0.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 7,041,153 shares of the company’s stock worth $176,733,000 after acquiring an additional 33,281 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in Schwab US Broad Market ETF by 3.0% in the 3rd quarter. HB Wealth Management LLC now owns 6,694,089 shares of the company’s stock worth $172,105,000 after acquiring an additional 197,532 shares in the last quarter.

Schwab US Broad Market ETF Stock Performance

Shares of NYSEARCA SCHB traded up $0.09 during midday trading on Friday, hitting $27.82. 7,990,407 shares of the company’s stock traded hands, compared to its average volume of 10,175,584. Schwab US Broad Market ETF has a 1 year low of $21.43 and a 1 year high of $27.96. The stock has a market capitalization of $41.14 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The firm has a fifty day moving average of $26.21 and a 200 day moving average of $26.25.

Schwab US Broad Market ETF Company Profile

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.