Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Short Interest Down 40.1% in December
by Doug Wharley · The Cerbat GemSchwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 451,771 shares, a drop of 40.1% from the November 30th total of 753,764 shares. Based on an average daily volume of 1,364,884 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,364,884 shares, the short-interest ratio is currently 0.3 days.
Schwab U.S. Mid-Cap ETF Trading Down 0.1%
Shares of NYSEARCA SCHM traded down $0.03 during midday trading on Friday, reaching $30.65. The company’s stock had a trading volume of 675,583 shares, compared to its average volume of 1,264,813. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.91. The company has a 50 day moving average price of $29.83 and a 200 day moving average price of $29.26.
Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF
Several hedge funds have recently bought and sold shares of SCHM. Northwestern Mutual Wealth Management Co. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 25.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock worth $288,136,000 after purchasing an additional 2,070,689 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2,708.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock valued at $57,046,000 after buying an additional 1,856,108 shares during the last quarter. Advisory Alpha LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 27.7% in the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after buying an additional 1,581,924 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Schwab U.S. Mid-Cap ETF during the second quarter valued at approximately $40,844,000. Finally, Creative Planning raised its position in Schwab U.S. Mid-Cap ETF by 2.4% during the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after acquiring an additional 684,597 shares in the last quarter.
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.