Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Short Interest Up 59.4% in February

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 452,295 shares, a growth of 59.4% from the February 12th total of 283,793 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,826,387 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,826,387 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF

Hedge funds have recently bought and sold shares of the business. Creative Planning grew its position in shares of Schwab U.S. Mid-Cap ETF by 2.4% during the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock worth $830,381,000 after purchasing an additional 684,597 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock valued at $328,744,000 after buying an additional 459,489 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 1.9% in the third quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock valued at $319,596,000 after buying an additional 198,793 shares during the period. Moneta Group Investment Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 6.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock worth $320,830,000 after buying an additional 648,134 shares in the last quarter. Finally, Advisory Alpha LLC increased its stake in Schwab U.S. Mid-Cap ETF by 6.8% during the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock worth $267,436,000 after acquiring an additional 568,609 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 0.2%

SCHM stock traded down $0.05 during mid-day trading on Friday, hitting $30.86. 1,358,443 shares of the company were exchanged, compared to its average volume of 1,571,119. The stock has a market capitalization of $12.64 billion, a PE ratio of 18.83 and a beta of 1.08. The business has a 50 day simple moving average of $32.11 and a 200-day simple moving average of $30.60. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $33.18.

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.