Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Large Increase in Short Interest

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 452,295 shares, a growth of 59.4% from the February 12th total of 283,793 shares. Based on an average trading volume of 1,826,387 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,826,387 shares, the short-interest ratio is presently 0.2 days.

Schwab U.S. Mid-Cap ETF Stock Down 0.2%

Shares of SCHM stock traded down $0.05 during mid-day trading on Friday, reaching $30.86. The stock had a trading volume of 1,358,443 shares, compared to its average volume of 1,571,119. The firm’s 50 day simple moving average is $32.11 and its 200 day simple moving average is $30.61. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $33.18. The firm has a market cap of $12.64 billion, a PE ratio of 18.83 and a beta of 1.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SCHM. Fifth Third Bancorp acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $30,000. Accredited Wealth Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after purchasing an additional 502 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter worth $31,000. Ransom Advisory Ltd bought a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $32,000. Finally, Guerra Advisors Inc acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $33,000.

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.