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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMGet Free Report) was the recipient of a large 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 company’s shares are short sold. Based on an average daily trading volume, of 1,826,387 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,826,387 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock traded down $0.05 on Friday, hitting $30.86. The company had a trading volume of 1,358,443 shares, compared to its average volume of 1,571,119. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $33.18. The firm has a market cap of $12.64 billion, a P/E ratio of 18.83 and a beta of 1.08. The stock’s 50-day moving average is $32.11 and its two-hundred day moving average is $30.60.

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

A number of hedge funds have recently bought and sold shares of SCHM. Fifth Third Bancorp bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $30,000. Accredited Wealth Management LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after acquiring an additional 502 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $31,000. Ransom Advisory Ltd bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter worth $32,000. Finally, Guerra Advisors Inc bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $33,000.

About Schwab U.S. Mid-Cap ETF

(Get Free Report)

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.

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