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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 547,141 shares, an increase of 69.6% from the June 30th total of 322,604 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 796,507 shares, the short-interest ratio is presently 0.7 days.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $34.70 on Friday. Schwab U.S. Mid-Cap ETF has a 12-month low of $27.76 and a 12-month high of $36.90. The stock has a market capitalization of $14.47 billion, a PE ratio of 18.83 and a beta of 1.03. The firm’s fifty day moving average price is $35.51 and its 200 day moving average price is $33.57.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 41.7% during the fourth quarter. Farther Finance Advisors LLC now owns 538,826 shares of the company’s stock worth $16,202,000 after acquiring an additional 158,469 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in Schwab U.S. Mid-Cap ETF by 10.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 951,922 shares of the company’s stock worth $30,528,000 after purchasing an additional 93,144 shares during the last quarter. Dorato Capital Management acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $2,361,000. Blue Square Asset Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 28.0% during the fourth quarter. Blue Square Asset Management LLC now owns 305,958 shares of the company’s stock valued at $9,200,000 after buying an additional 66,876 shares during the last quarter. Finally, BCS Wealth Management raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 102.7% during the fourth quarter. BCS Wealth Management now owns 112,890 shares of the company’s stock valued at $3,395,000 after buying an additional 57,206 shares during the last quarter.

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.