Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) was the recipient of a large decline in short interest during the month of 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 daily volume of 985,206 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.
Schwab U.S. Mid-Cap ETF Price Performance
NYSEARCA:SCHM opened at $35.38 on Tuesday. The firm has a market cap of $14.72 billion, a PE ratio of 18.83 and a beta of 1.03. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.76 and a 1-year high of $36.90. The firm has a 50 day simple moving average of $35.34 and a 200-day simple moving average of $33.17.
Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.4% during the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after buying an additional 15,538 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 194.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after buying an additional 75,941 shares during the period. Royal Bank of Canada raised its stake in shares of Schwab U.S. Mid-Cap ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after purchasing an additional 7,443 shares during the period. Goldman Sachs Group Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock worth $12,707,000 after buying an additional 4,886 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Schwab U.S. Mid-Cap ETF by 37.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock worth $94,000 after buying an additional 915 shares in the last quarter.
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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