Schwab Crypto Thematic ETF (NYSEARCA:STCE) Sees Significant Decrease in Short Interest

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 11,219 shares, a drop of 65.4% from the February 12th total of 32,427 shares. Based on an average daily trading volume, of 97,315 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 97,315 shares, the short-interest ratio is currently 0.1 days.

Schwab Crypto Thematic ETF Stock Performance

STCE stock opened at $55.89 on Wednesday. Schwab Crypto Thematic ETF has a 1 year low of $28.07 and a 1 year high of $109.64. The stock has a market capitalization of $243.12 million, a price-to-earnings ratio of 25.00 and a beta of 2.60. The stock’s fifty day moving average is $63.01 and its two-hundred day moving average is $71.59.

Institutional Trading of Schwab Crypto Thematic ETF

Several hedge funds have recently bought and sold shares of STCE. Spire Wealth Management boosted its stake in Schwab Crypto Thematic ETF by 207.5% during the 4th quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $37,000 after purchasing an additional 415 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Schwab Crypto Thematic ETF in the third quarter valued at approximately $36,000. Coston McIsaac & Partners acquired a new stake in shares of Schwab Crypto Thematic ETF in the third quarter valued at approximately $41,000. PNC Financial Services Group Inc. raised its holdings in shares of Schwab Crypto Thematic ETF by 83.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,281 shares of the company’s stock valued at $77,000 after buying an additional 583 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in shares of Schwab Crypto Thematic ETF by 32.6% during the third quarter. AdvisorNet Financial Inc now owns 2,658 shares of the company’s stock valued at $209,000 after buying an additional 654 shares during the last quarter.

About Schwab Crypto Thematic ETF

The Schwab Crypto Thematic ETF (STCE) is an exchange-traded fund that is based on the The Schwab Crypto Thematic index. The fund tracks an index of globally listed companies that enable the cryptocurrency ecosystem. The fund selects and weights companies based on thematic relevance through a proprietary NLP algorithm. STCE was launched on Aug 4, 2022 and is managed by Charles Schwab.