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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) was the recipient of a significant 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 company’s shares are sold short. Based on an average daily trading volume, of 1,421,064 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 1,421,064 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at about $30,000. Accredited Wealth Management LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after purchasing an additional 502 shares during the period. Kingdom Financial Group LLC. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $31,000. Ransom Advisory Ltd acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $32,000. Finally, Guerra Advisors Inc purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $33,000.

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

Shares of Schwab U.S. Mid-Cap ETF stock traded down $0.55 during trading hours on Thursday, hitting $32.20. The company’s stock had a trading volume of 1,432,465 shares, compared to its average volume of 1,377,847. The business has a fifty day moving average of $31.30 and a 200 day moving average of $30.09. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $33.13. The company has a market capitalization of $13.19 billion, a PE ratio of 18.83 and a beta of 1.08.

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.