Schwab US Broad Market ETF (NYSEARCA:SCHB – Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,560,185 shares, an increase of 60.6% from the February 26th total of 1,594,281 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 12,973,393 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of Schwab US Broad Market ETF
A number of hedge funds have recently bought and sold shares of the business. Financial Life Planners acquired a new position in Schwab US Broad Market ETF during the third quarter worth $27,000. Birchwood Financial Partners Inc. purchased a new position in shares of Schwab US Broad Market ETF during the 4th quarter worth $28,000. Wiser Advisor Group LLC acquired a new position in shares of Schwab US Broad Market ETF during the 3rd quarter valued at about $29,000. Bayban purchased a new stake in shares of Schwab US Broad Market ETF in the fourth quarter valued at about $33,000. Finally, LRI Investments LLC purchased a new stake in shares of Schwab US Broad Market ETF in the fourth quarter valued at about $35,000.
Schwab US Broad Market ETF Trading Down 1.7%
SCHB traded down $0.43 on Friday, hitting $24.50. 15,238,404 shares of the company’s stock were exchanged, compared to its average volume of 10,358,831. Schwab US Broad Market ETF has a fifty-two week low of $18.52 and a fifty-two week high of $26.94. The stock has a market cap of $35.70 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. The firm has a 50-day moving average price of $26.22 and a 200-day moving average price of $26.11.
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.
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