Short Interest in Schwab US Broad Market ETF (NYSEARCA:SCHB) Increases By 45.5%

Schwab US Broad Market ETF (NYSEARCA:SCHB) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,727,527 shares, an increase of 45.5% from the December 31st total of 1,874,723 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 7,164,719 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 7,164,719 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Schwab US Broad Market ETF Stock Performance

Shares of SCHB stock opened at $26.65 on Friday. The firm has a market cap of $38.82 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 52 week low of $18.52 and a 52 week high of $26.94. The firm’s 50-day simple moving average is $26.44 and its two-hundred day simple moving average is $25.69.

Hedge Funds Weigh In On Schwab US Broad Market ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its holdings in shares of Schwab US Broad Market ETF by 3.4% during the 2nd quarter. Avantax Advisory Services Inc. now owns 81,215 shares of the company’s stock worth $1,935,000 after acquiring an additional 2,664 shares during the last quarter. Genesee Capital Advisors LLC raised its position in Schwab US Broad Market ETF by 1.6% during the second quarter. Genesee Capital Advisors LLC now owns 1,514,413 shares of the company’s stock valued at $36,088,000 after purchasing an additional 23,607 shares in the last quarter. Boyum Wealth Architects LLC lifted its stake in Schwab US Broad Market ETF by 10.3% during the third quarter. Boyum Wealth Architects LLC now owns 1,225,521 shares of the company’s stock worth $31,508,000 after purchasing an additional 114,806 shares during the last quarter. Cambridge Financial Group LLC boosted its holdings in shares of Schwab US Broad Market ETF by 43.8% in the 2nd quarter. Cambridge Financial Group LLC now owns 189,882 shares of the company’s stock worth $4,525,000 after purchasing an additional 57,856 shares in the last quarter. Finally, Weaver Capital Management LLC purchased a new position in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $35,322,000.

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.