Short Interest in Schwab US Broad Market ETF (NYSEARCA:SCHB) Grows By 69.6%

by · The Markets Daily

Schwab US Broad Market ETF (NYSEARCA:SCHB – Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,093,492 shares, an increase of 69.6% from the November 30th total of 1,823,919 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 8,439,580 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 8,439,580 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Schwab US Broad Market ETF Trading Down 0.3%

NYSEARCA SCHB traded down $0.09 on Monday, reaching $26.49. The stock had a trading volume of 5,175,324 shares, compared to its average volume of 5,898,854. Schwab US Broad Market ETF has a 1 year low of $18.52 and a 1 year high of $26.63. The business has a 50 day moving average price of $26.12 and a 200 day moving average price of $25.20. The company has a market capitalization of $38.54 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Gallagher Fiduciary Advisors LLC raised its stake in shares of Schwab US Broad Market ETF by 2,295.8% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 64,764,324 shares of the company’s stock valued at $1,543,334,000 after buying an additional 62,061,116 shares in the last quarter. Rebalance LLC raised its position in Schwab US Broad Market ETF by 10.0% in the third quarter. Rebalance LLC now owns 14,480,067 shares of the company’s stock worth $372,283,000 after purchasing an additional 1,320,879 shares in the last quarter. SCS Capital Management LLC raised its position in Schwab US Broad Market ETF by 2.7% in the second quarter. SCS Capital Management LLC now owns 12,223,396 shares of the company’s stock worth $291,284,000 after purchasing an additional 322,220 shares in the last quarter. Strid Group LLC lifted its stake in Schwab US Broad Market ETF by 0.7% during the third quarter. Strid Group LLC now owns 8,716,201 shares of the company’s stock worth $224,094,000 after purchasing an additional 57,964 shares during the period. Finally, Bouchey Financial Group Ltd boosted its holdings in Schwab US Broad Market ETF by 0.5% during the third quarter. Bouchey Financial Group Ltd now owns 8,318,386 shares of the company’s stock valued at $213,866,000 after purchasing an additional 42,459 shares in the last quarter.

About Schwab US Broad Market ETF

(Get Free Report)

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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