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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 161,403 shares, a decline of 56.1% from the January 15th total of 367,702 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,421,064 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,421,064 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Schwab U.S. Mid-Cap ETF Trading Down 1.7%

Shares of NYSEARCA:SCHM traded down $0.55 on Thursday, reaching $32.20. 1,432,465 shares of the company were exchanged, compared to its average volume of 1,377,847. The company has a 50-day moving average of $31.30 and a 200-day moving average of $30.09. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $33.13.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SCHM. Orion Porfolio Solutions LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 153.6% during the 4th quarter. Orion Porfolio Solutions LLC now owns 27,909 shares of the company’s stock worth $839,000 after acquiring an additional 16,905 shares in the last quarter. XXI Wealth LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at approximately $268,000. Valley Forge Investment Consultants Inc. ADV raised its holdings in Schwab U.S. Mid-Cap ETF by 1.4% during the fourth quarter. Valley Forge Investment Consultants Inc. ADV now owns 288,759 shares of the company’s stock worth $8,683,000 after purchasing an additional 4,039 shares during the last quarter. Reston Wealth Management LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 2.2% during the fourth quarter. Reston Wealth Management LLC now owns 206,893 shares of the company’s stock worth $6,221,000 after purchasing an additional 4,404 shares during the last quarter. Finally, Daybright Advisory Services Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the fourth quarter worth $876,000.

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.