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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) 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. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,309,583 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew 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 purchasing an additional 459,489 shares during the last quarter. HighTower Advisors LLC grew its position 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 purchasing an additional 198,793 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after purchasing an additional 648,134 shares during the last quarter. Advisory Alpha LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 6.8% in the third quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after purchasing an additional 568,609 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock valued at $180,506,000 after purchasing an additional 15,350 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $33.19 on Friday. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a one year low of $23.67 and a one year high of $33.28. The company’s fifty day moving average price is $31.98 and its two-hundred day moving average price is $30.91.

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.