Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Short Interest Update
by Teresa Graham · The Cerbat GemSchwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 653,299 shares, a growth of 40.8% from the March 15th total of 464,134 shares. Based on an average daily volume of 1,309,583 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of SCHM. Fifth Third Bancorp bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $30,000. Accredited Wealth Management LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after purchasing an additional 502 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $31,000. Ransom Advisory Ltd bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $32,000. Finally, Guerra Advisors Inc acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth $33,000.
Schwab U.S. Mid-Cap ETF Stock Performance
Shares of SCHM stock opened at $33.10 on Wednesday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $23.67 and a fifty-two week high of $33.18. The stock’s fifty day moving average price is $31.94 and its two-hundred day moving average price is $30.88. The company has a market cap of $13.88 billion, a PE ratio of 18.83 and a beta of 1.05.
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.