Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Short Interest Update

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 283,793 shares, a growth of 75.8% from the January 29th total of 161,403 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,380,559 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,380,559 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock traded down $0.24 on Friday, hitting $32.89. The company’s stock had a trading volume of 1,002,778 shares, compared to its average volume of 1,478,094. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $33.18. The firm’s fifty day moving average price is $31.84 and its 200-day moving average price is $30.41.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Valpey Financial Services LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 2,876.4% in the 4th quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after purchasing an additional 4,082,734 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Schwab U.S. Mid-Cap ETF by 25.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock valued at $288,136,000 after purchasing an additional 2,070,689 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 2,708.3% in the third quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock worth $57,046,000 after buying an additional 1,856,108 shares during the last quarter. 93 Financial Group LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth $48,614,000. Finally, Financial Planning Navigators CORP bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth $22,267,000.

Schwab U.S. Mid-Cap ETF Company Profile

The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.