Short Interest in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Decreases By 40.0%

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 430,114 shares, a drop of 40.0% from the April 30th total of 716,594 shares. Based on an average daily volume of 1,021,885 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

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

A number of large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in Schwab U.S. Mid-Cap ETF by 4.4% during 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 in the last quarter. HighTower Advisors LLC increased its holdings 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 worth $319,596,000 after buying an additional 198,793 shares during the period. Moneta Group Investment Advisors LLC increased its holdings 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 worth $320,830,000 after buying an additional 648,134 shares during the period. Advisory Alpha LLC increased its holdings 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 worth $267,436,000 after buying an additional 568,609 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings 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 worth $180,506,000 after buying an additional 15,350 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.0%

NYSEARCA SCHM opened at $35.34 on Tuesday. The stock’s 50-day simple moving average is $33.24 and its two-hundred day simple moving average is $31.91. Schwab U.S. Mid-Cap ETF has a twelve month low of $26.64 and a twelve month high of $35.48. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04.

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.