Schwab US Broad Market ETF (NYSEARCA:SCHB) Sees Large Decline in Short Interest

Schwab US Broad Market ETF (NYSEARCA:SCHB) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 1,874,723 shares, a drop of 39.4% from the December 15th total of 3,093,492 shares. Based on an average daily volume of 7,128,656 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 7,128,656 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Schwab US Broad Market ETF

Institutional investors have recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter valued at about $27,000. Wiser Advisor Group LLC bought a new stake in Schwab US Broad Market ETF in the third quarter valued at about $29,000. First Pacific Financial acquired a new stake in Schwab US Broad Market ETF during the third quarter valued at approximately $51,000. LGT Financial Advisors LLC bought a new position in Schwab US Broad Market ETF during the 3rd quarter worth approximately $52,000. Finally, Golden State Wealth Management LLC lifted its holdings in Schwab US Broad Market ETF by 4,138.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,289 shares of the company’s stock worth $55,000 after buying an additional 2,235 shares during the last quarter.

Schwab US Broad Market ETF Trading Down 0.0%

SCHB stock traded down $0.01 during midday trading on Friday, hitting $26.74. 6,580,245 shares of the company’s stock were exchanged, compared to its average volume of 7,111,504. The firm has a 50 day moving average price of $26.25 and a 200-day moving average price of $25.51. Schwab US Broad Market ETF has a 12-month low of $18.52 and a 12-month high of $26.89. The stock has a market capitalization of $38.93 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02.

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.