Schwab US Broad Market ETF (NYSEARCA:SCHB) Short Interest Down 22.2% in February

Schwab US Broad Market ETF (NYSEARCA:SCHB) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,594,281 shares, a decline of 22.2% from the February 12th total of 2,048,964 shares. Based on an average trading volume of 9,496,356 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 9,496,356 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Schwab US Broad Market ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SCHB. Gallagher Fiduciary Advisors LLC raised its holdings in shares of Schwab US Broad Market ETF by 2,295.8% during 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. Evergreen Advisors LLC purchased a new stake in Schwab US Broad Market ETF in the fourth quarter worth approximately $161,772,000. AlphaCore Capital LLC boosted its stake in Schwab US Broad Market ETF by 1,400.4% in the second quarter. AlphaCore Capital LLC now owns 5,953,464 shares of the company’s stock worth $141,871,000 after buying an additional 5,556,673 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Schwab US Broad Market ETF during the fourth quarter valued at approximately $77,479,000. Finally, Caprock Group LLC bought a new position in Schwab US Broad Market ETF during the third quarter valued at approximately $54,987,000.

Schwab US Broad Market ETF Stock Up 1.0%

NYSEARCA:SCHB traded up $0.26 during midday trading on Monday, hitting $25.76. The company had a trading volume of 12,110,110 shares, compared to its average volume of 9,890,382. The company has a market capitalization of $37.53 billion, a PE 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 stock’s fifty day moving average price is $26.48 and its 200-day moving average price is $26.09.

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.