Schwab Crypto Thematic ETF (NYSEARCA:STCE) Short Interest Update

Schwab Crypto Thematic ETF (NYSEARCA:STCE) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 48,685 shares, a growth of 60.7% from the May 14th total of 30,300 shares. Based on an average daily trading volume, of 133,865 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in Schwab Crypto Thematic ETF in the 3rd quarter valued at $36,000. Spire Wealth Management grew its stake in Schwab Crypto Thematic ETF by 207.5% in the 4th quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $37,000 after acquiring an additional 415 shares during the period. 4Thought Financial Group Inc. acquired a new stake in Schwab Crypto Thematic ETF in the 4th quarter valued at $41,000. Bogart Wealth LLC acquired a new stake in Schwab Crypto Thematic ETF in the 4th quarter valued at $44,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Schwab Crypto Thematic ETF in the 4th quarter valued at $46,000.

Schwab Crypto Thematic ETF Price Performance

Shares of NYSEARCA STCE opened at $78.44 on Wednesday. The stock has a market capitalization of $329.45 million, a price-to-earnings ratio of 25.00 and a beta of 2.69. Schwab Crypto Thematic ETF has a 12 month low of $41.56 and a 12 month high of $109.64. The firm’s 50 day simple moving average is $70.59 and its 200-day simple moving average is $65.46.

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.