Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 547,141 shares, a growth of 69.6% from the June 30th total of 322,604 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 796,507 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Evergreen Advisors LLC bought a new position in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $29,000. Godsey & Gibb Inc. acquired a new position in Schwab U.S. Mid-Cap ETF in the first quarter worth $29,000. Kingdom Financial Group LLC. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $31,000. Archer Investment Corp grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 266.9% during the first quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after purchasing an additional 782 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $36,000.
Schwab U.S. Mid-Cap ETF Trading Up 1.9%
NYSEARCA SCHM opened at $34.79 on Friday. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03. The company has a 50 day moving average of $35.51 and a 200-day moving average of $33.56. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.76 and a 1-year high of $36.90.
About Schwab U.S. Mid-Cap ETF
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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