Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Large Decline in Short Interest

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 161,403 shares, a decline of 56.1% from the January 15th total of 367,702 shares. Based on an average daily volume of 1,421,064 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,421,064 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Schwab U.S. Mid-Cap ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC raised its stake in Schwab U.S. Mid-Cap ETF by 2.8% during the fourth quarter. Kiley Juergens Wealth Management LLC now owns 11,734 shares of the company’s stock worth $353,000 after buying an additional 323 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 1.6% during the 4th quarter. Stratos Wealth Advisors LLC now owns 22,874 shares of the company’s stock worth $688,000 after acquiring an additional 352 shares during the period. Meriwether Wealth & Planning LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 4.3% in the 4th quarter. Meriwether Wealth & Planning LLC now owns 8,590 shares of the company’s stock worth $258,000 after acquiring an additional 355 shares in the last quarter. Planwiser Financial LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.4% in the 3rd quarter. Planwiser Financial LLC now owns 84,941 shares of the company’s stock valued at $2,503,000 after purchasing an additional 357 shares during the period. Finally, Bouchey Financial Group Ltd boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1.0% during the 3rd quarter. Bouchey Financial Group Ltd now owns 38,980 shares of the company’s stock valued at $1,155,000 after purchasing an additional 370 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 1.1%

SCHM traded up $0.35 during midday trading on Friday, hitting $32.55. 1,251,008 shares of the company were exchanged, compared to its average volume of 1,373,620. The firm’s 50 day moving average price is $31.35 and its 200-day moving average price is $30.12. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $33.13. The firm has a market capitalization of $13.33 billion, a P/E ratio of 18.83 and a beta of 1.08.

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.