Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 322,604 shares, a decline of 52.8% from the June 15th total of 683,048 shares. Based on an average trading volume of 985,206 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.
Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF
Several institutional investors and hedge funds have recently made changes to their positions in SCHM. Evergreen Advisors LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth about $29,000. Godsey & Gibb Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter valued at about $29,000. Kingdom Financial Group LLC. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $31,000. Ransom Advisory Ltd bought a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $32,000. Finally, Archer Investment Corp grew its stake in Schwab U.S. Mid-Cap ETF by 266.9% in 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 in the last quarter.
Schwab U.S. Mid-Cap ETF Stock Performance
Shares of SCHM opened at $35.38 on Tuesday. Schwab U.S. Mid-Cap ETF has a one year low of $27.76 and a one year high of $36.90. The stock has a 50-day moving average price of $35.34 and a 200 day moving average price of $33.17. The company has a market capitalization of $14.72 billion, a P/E ratio of 18.83 and a beta of 1.03.
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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