Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Shorted: Short Interest Up 69.9% in October

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 1,169,691 shares, a growth of 69.9% from the September 30th total of 688,286 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 2,709,323 shares, the days-to-cover ratio is currently 0.4 days.

Schwab U.S. Mid-Cap ETF Stock Up 0.6%

Shares of SCHM stock opened at $35.13 on Tuesday. The company has a market capitalization of $14.88 billion, a P/E ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 12-month low of $28.25 and a 12-month high of $36.92. The firm has a 50-day moving average price of $34.88 and a 200 day moving average price of $34.10.

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

Several institutional investors have recently bought and sold shares of the business. Legacy Wealth Management LLC boosted its position in Schwab U.S. Mid-Cap ETF by 1.0% in the 3rd quarter. Legacy Wealth Management LLC now owns 4,330,359 shares of the company’s stock valued at $147,319,000 after buying an additional 43,883 shares during the last quarter. Fragasso Financial Advisors Inc increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.7% in the third quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock worth $100,086,000 after acquiring an additional 20,487 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock valued at $57,157,000 after purchasing an additional 139,644 shares during the period. Dynamic Advisor Solutions LLC increased its stake in Schwab U.S. Mid-Cap ETF by 5.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,198,872 shares of the company’s stock worth $44,202,000 after purchasing an additional 59,632 shares in the last quarter. Finally, BLB&B Advisors LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $40,270,000.

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.