Schwab Crypto Thematic ETF (NYSEARCA:STCE – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 49,354 shares, an increase of 58.7% from the July 15th total of 31,097 shares. Based on an average daily volume of 106,444 shares, the short-interest ratio is presently 0.5 days. Currently, 1.4% of the shares of the company are sold short.
Schwab Crypto Thematic ETF Stock Performance
Shares of NYSEARCA STCE opened at $61.50 on Thursday. The company has a market capitalization of $221.40 million, a PE ratio of 25.00 and a beta of 2.75. The company’s fifty day moving average price is $67.32 and its 200 day moving average price is $64.72. Schwab Crypto Thematic ETF has a 1 year low of $48.35 and a 1 year high of $109.64.
Institutional Investors Weigh In On Schwab Crypto Thematic ETF
Several hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc grew its position in shares of Schwab Crypto Thematic ETF by 11.4% during the 1st quarter. AdvisorNet Financial Inc now owns 4,094 shares of the company’s stock valued at $213,000 after acquiring an additional 419 shares during the period. Advisory Services Network LLC acquired a new position in Schwab Crypto Thematic ETF in the 3rd quarter worth about $36,000. JFS Wealth Advisors LLC boosted its position in Schwab Crypto Thematic ETF by 480.4% during the second quarter. JFS Wealth Advisors LLC now owns 563 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in 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 worth $77,000 after purchasing an additional 583 shares in the last quarter. Finally, 4Thought Financial Group Inc. acquired a new stake in Schwab Crypto Thematic ETF in the fourth quarter valued at approximately $41,000.
Schwab Crypto Thematic ETF Company Profile
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.
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