Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Short Interest Update

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 322,604 shares, a decrease of 52.8% from the June 15th total of 683,048 shares. Based on an average daily volume of 985,206 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM traded down $0.19 during mid-day trading on Wednesday, reaching $35.38. The company had a trading volume of 986,262 shares, compared to its average volume of 1,305,621. The company has a market capitalization of $14.73 billion, a P/E ratio of 18.83 and a beta of 1.03. Schwab U.S. Mid-Cap ETF has a twelve month low of $27.76 and a twelve month high of $36.90. The company’s 50-day moving average is $35.37 and its 200-day moving average is $33.24.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Godsey & Gibb Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF during the 1st quarter valued at $29,000. Evergreen Advisors LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at about $29,000. Kingdom Financial Group LLC. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $31,000. Ransom Advisory Ltd acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $32,000. Finally, Archer Investment Corp lifted its position in shares of Schwab U.S. Mid-Cap ETF by 266.9% during the first quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after purchasing an additional 782 shares in the last quarter.

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.