Short Interest in Schwab 1000 Index ETF (NYSEARCA:SCHK) Increases By 34.9%

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 454,710 shares, an increase of 34.9% from the December 31st total of 337,188 shares. Based on an average daily trading volume, of 755,578 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 755,578 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Several institutional investors have recently modified their holdings of SCHK. Sequoia Financial Advisors LLC grew its position in shares of Schwab 1000 Index ETF by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 8,290 shares of the company’s stock worth $247,000 after buying an additional 347 shares in the last quarter. Brucke Financial Inc. lifted its stake in Schwab 1000 Index ETF by 3.9% in the second quarter. Brucke Financial Inc. now owns 9,659 shares of the company’s stock valued at $288,000 after buying an additional 366 shares during the last quarter. Stevens Capital Partners boosted its holdings in shares of Schwab 1000 Index ETF by 4.0% in the third quarter. Stevens Capital Partners now owns 12,720 shares of the company’s stock valued at $409,000 after acquiring an additional 489 shares during the period. Beacon Pointe Advisors LLC grew its position in shares of Schwab 1000 Index ETF by 3.3% during the second quarter. Beacon Pointe Advisors LLC now owns 15,563 shares of the company’s stock worth $464,000 after acquiring an additional 495 shares during the last quarter. Finally, AlphaCore Capital LLC grew its position in shares of Schwab 1000 Index ETF by 15.6% during the second quarter. AlphaCore Capital LLC now owns 3,696 shares of the company’s stock worth $110,000 after acquiring an additional 500 shares during the last quarter.

Schwab 1000 Index ETF Stock Down 0.5%

NYSEARCA:SCHK traded down $0.17 on Friday, reaching $33.26. 1,406,873 shares of the company’s stock were exchanged, compared to its average volume of 808,624. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 25.42 and a beta of 1.02. Schwab 1000 Index ETF has a 52-week low of $23.18 and a 52-week high of $33.62. The business has a fifty day moving average of $33.03 and a 200-day moving average of $32.11.

Schwab 1000 Index ETF Company Profile

The Schwab 1000 Index ETF (SCHK) is an exchange-traded fund that is based on the S&P Schwab 1000 index, a proprietary market-cap-weighted index that includes 1,000 of the largest US-listed stocks. SCHK was launched on Oct 11, 2017 and is managed by Charles Schwab.