Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,169,691 shares, an increase of 69.9% from the September 30th total of 688,286 shares. Based on an average daily volume of 2,709,323 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short.
Hedge Funds 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. Boltwood Capital Management bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $3,319,000. FAS Wealth Partners Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 3.8% during the 1st quarter. FAS Wealth Partners Inc. now owns 627,188 shares of the company’s stock valued at $19,418,000 after purchasing an additional 22,838 shares in the last quarter. Range Advisory LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 52.7% during the 2nd quarter. Range Advisory LLC now owns 293,784 shares of the company’s stock valued at $10,832,000 after purchasing an additional 101,396 shares in the last quarter. Cetera Investment Advisers grew its stake in Schwab U.S. Mid-Cap ETF by 9.5% during the first quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock worth $39,801,000 after purchasing an additional 111,937 shares during the period. Finally, Ameritas Advisory Services LLC grew its stake in Schwab U.S. Mid-Cap ETF by 147.1% during the second quarter. Ameritas Advisory Services LLC now owns 105,776 shares of the company’s stock worth $3,900,000 after purchasing an additional 62,974 shares during the period.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of NYSEARCA:SCHM opened at $35.19 on Wednesday. Schwab U.S. Mid-Cap ETF has a one year low of $28.25 and a one year high of $36.92. The company has a 50 day moving average of $34.87 and a 200-day moving average of $34.12. The stock has a market cap of $14.93 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05.
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.
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