Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 430,114 shares, a drop of 40.0% from the April 30th total of 716,594 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,021,885 shares, the short-interest ratio is currently 0.4 days.
Schwab U.S. Mid-Cap ETF Stock Performance
Shares of SCHM stock opened at $35.71 on Thursday. The stock’s fifty day moving average is $33.44 and its two-hundred day moving average is $32.00. The firm has a market capitalization of $15.00 billion, a P/E ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $27.05 and a fifty-two week high of $35.79.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Solutions Advisory Group Inc. purchased a new position in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $39,615,000. Asset Dedication LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 537.8% during the 1st quarter. Asset Dedication LLC now owns 31,707 shares of the company’s stock worth $982,000 after acquiring an additional 26,736 shares during the period. Serenity Investment Advisors raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.9% during the 1st quarter. Serenity Investment Advisors now owns 37,026 shares of the company’s stock worth $1,146,000 after acquiring an additional 1,038 shares during the period. Western Wealth Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter worth $86,000. Finally, Winnow Wealth LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 3,133.7% during the 1st quarter. Winnow Wealth LLC now owns 6,726 shares of the company’s stock worth $208,000 after acquiring an additional 6,518 shares during the period.
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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