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

Schwab US Broad Market ETF (NYSEARCA:SCHB) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 2,048,964 shares, a decrease of 23.4% from the January 29th total of 2,673,756 shares. Based on an average daily volume of 10,816,899 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 10,816,899 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Schwab US Broad Market ETF

Several institutional investors have recently added to or reduced their stakes in SCHB. Financial Life Planners purchased a new position in shares of Schwab US Broad Market ETF in the third quarter worth about $27,000. Birchwood Financial Partners Inc. bought a new position in Schwab US Broad Market ETF in the 4th quarter worth approximately $28,000. Wiser Advisor Group LLC purchased a new position in Schwab US Broad Market ETF in the 3rd quarter valued at approximately $29,000. LRI Investments LLC bought a new stake in Schwab US Broad Market ETF during the 4th quarter valued at $35,000. Finally, Basepoint Wealth LLC bought a new stake in Schwab US Broad Market ETF during the 4th quarter valued at $38,000.

Schwab US Broad Market ETF Stock Performance

NYSEARCA:SCHB traded down $0.27 during trading hours on Tuesday, reaching $26.25. The stock had a trading volume of 15,906,812 shares, compared to its average volume of 9,300,322. The stock has a market cap of $38.25 billion, a P/E ratio of 25.08 and a beta of 1.02. The stock has a 50 day simple moving average of $26.56 and a 200 day simple moving average of $26.02. Schwab US Broad Market ETF has a 12-month low of $18.52 and a 12-month high of $26.94.

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.