Schwab Ariel Opportunities ETF (NYSEARCA:SAEF) Sees Significant Growth in Short Interest

Schwab Ariel Opportunities ETF (NYSEARCA:SAEF) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,859 shares, an increase of 991.2% from the March 31st total of 262 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 3,109 shares, the short-interest ratio is presently 0.9 days.

Schwab Ariel Opportunities ETF Price Performance

Shares of Schwab Ariel Opportunities ETF stock traded up $0.08 on Friday, hitting $29.49. The company had a trading volume of 1,026 shares, compared to its average volume of 3,612. Schwab Ariel Opportunities ETF has a 52 week low of $22.88 and a 52 week high of $30.46. The company has a market cap of $24.48 million, a PE ratio of 18.79 and a beta of 1.20. The business has a 50-day simple moving average of $28.65 and a 200-day simple moving average of $28.02.

Hedge Funds Weigh In On Schwab Ariel Opportunities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Schwab Ariel Opportunities ETF by 4.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 281,343 shares of the company’s stock valued at $8,022,000 after purchasing an additional 11,972 shares during the period. Flow Traders U.S. LLC lifted its position in shares of Schwab Ariel Opportunities ETF by 89.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 17,126 shares of the company’s stock valued at $479,000 after acquiring an additional 8,104 shares during the last quarter. Finally, WFA of San Diego LLC purchased a new stake in shares of Schwab Ariel Opportunities ETF during the second quarter valued at $49,000.

About Schwab Ariel Opportunities ETF

The Schwab Ariel ESG ETF (SAEF) is an exchange-traded fund that is based on the Russell 2500 index. The fund is an actively-managed, non-transparent ETF that holds a portfolio of small- and mid-cap US firms screened for ESG criteria. The fund utilizes the Natixis\u002FNYSE non-transparent model. SAEF was launched on Nov 16, 2021 and is managed by Charles Schwab.