Short Interest in Schwab Crypto Thematic ETF (NYSEARCA:STCE) Decreases By 42.7%

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 27,913 shares, a decline of 42.7% from the May 31st total of 48,685 shares. Based on an average daily trading volume, of 222,412 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Trading of Schwab Crypto Thematic ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in Schwab Crypto Thematic ETF during the 3rd quarter worth about $36,000. Spire Wealth Management grew its holdings 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 buying an additional 415 shares in the last quarter. 4Thought Financial Group Inc. purchased a new position in Schwab Crypto Thematic ETF during the 4th quarter valued at about $41,000. Bogart Wealth LLC bought a new stake in shares of Schwab Crypto Thematic ETF during the fourth quarter valued at about $44,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Schwab Crypto Thematic ETF during the fourth quarter valued at about $46,000.

Schwab Crypto Thematic ETF Price Performance

Shares of NYSEARCA:STCE traded down $1.07 during trading on Wednesday, hitting $68.88. 194,139 shares of the company were exchanged, compared to its average volume of 151,584. The company has a market cap of $289.30 million, a PE ratio of 25.00 and a beta of 2.69. The stock has a 50 day moving average of $73.55 and a 200 day moving average of $65.59. Schwab Crypto Thematic ETF has a 52-week low of $48.35 and a 52-week high of $109.64.

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.