Short Interest in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Declines By 40.1%

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 451,771 shares, a decline of 40.1% from the November 30th total of 753,764 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,364,884 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 1,364,884 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF

Several large investors have recently modified their holdings of SCHM. Atwood & Palmer Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the second quarter valued at $25,000. Fifth Third Bancorp bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $30,000. Accredited Wealth Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after buying an additional 502 shares during the last quarter. Guerra Advisors Inc purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $33,000. Finally, Creative Capital Management Investments LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth $38,000.

Schwab U.S. Mid-Cap ETF Stock Down 0.3%

NYSEARCA SCHM traded down $0.09 during trading hours on Tuesday, reaching $30.38. 936,072 shares of the company were exchanged, compared to its average volume of 1,261,864. The stock has a market capitalization of $12.34 billion, a P/E ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.91. The business’s 50 day simple moving average is $29.84 and its 200-day simple moving average is $29.30.

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.