Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Short Interest Down 15.9% in January

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMGet Free Report) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 367,702 shares, a drop of 15.9% from the December 31st total of 437,021 shares. Based on an average daily volume of 1,319,368 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,319,368 shares, the days-to-cover ratio is currently 0.3 days.

Schwab U.S. Mid-Cap ETF Trading Down 0.5%

Shares of NYSEARCA:SCHM traded down $0.15 on Tuesday, hitting $31.73. The company had a trading volume of 796,571 shares, compared to its average volume of 1,360,427. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. The stock has a 50 day moving average price of $30.92 and a 200 day moving average price of $29.91. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $32.60.

Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF

A number of institutional investors have recently made changes to their positions in SCHM. Fifth Third Bancorp bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $30,000. Accredited Wealth Management LLC increased its position in Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after buying an additional 502 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $32,000. Guerra Advisors Inc bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at about $33,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $36,000.

About Schwab U.S. Mid-Cap ETF

(Get Free Report)

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.

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