Short Interest in Schwab US Broad Market ETF (NYSEARCA:SCHB) Expands By 14.5%

Schwab US Broad Market ETF (NYSEARCA:SCHB) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 2,653,096 shares, an increase of 14.5% from the March 31st total of 2,317,229 shares. Based on an average trading volume of 10,242,228 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Schwab US Broad Market ETF

A number of large investors have recently made changes to their positions in SCHB. Brighton Jones LLC grew its position in shares of Schwab US Broad Market ETF by 1,209.6% in the 4th quarter. Brighton Jones LLC now owns 228,625 shares of the company’s stock worth $5,190,000 after buying an additional 211,168 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Schwab US Broad Market ETF by 197.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 21,510 shares of the company’s stock worth $488,000 after buying an additional 14,279 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Schwab US Broad Market ETF by 50.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,549,572 shares of the company’s stock worth $33,362,000 after buying an additional 518,984 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Schwab US Broad Market ETF in the 2nd quarter worth approximately $218,000. Finally, Russell Investments Group Ltd. grew its position in shares of Schwab US Broad Market ETF by 18.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,924 shares of the company’s stock worth $236,000 after buying an additional 1,552 shares during the last quarter.

Schwab US Broad Market ETF Price Performance

SCHB opened at $27.73 on Friday. The firm has a market cap of $40.97 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 1 year low of $21.43 and a 1 year high of $27.77. The stock’s 50 day simple moving average is $26.21 and its 200 day simple moving average is $26.25.

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.