Schwab 1000 Index ETF (NYSEARCA:SCHK) Short Interest Update

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

Schwab 1000 Index ETF Stock Down 0.5%

NYSEARCA SCHK traded down $0.17 during trading hours on Friday, hitting $33.26. 1,406,873 shares of the company were exchanged, compared to its average volume of 808,624. The stock has a market cap of $4.96 billion, a PE 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 stock has a 50-day moving average price of $33.03 and a 200 day moving average price of $32.11.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp purchased a new position in shares of Schwab 1000 Index ETF in the second quarter worth about $85,000. Vise Technologies Inc. acquired a new stake in shares of Schwab 1000 Index ETF in the second quarter valued at about $539,000. AE Wealth Management LLC boosted its stake in shares of Schwab 1000 Index ETF by 753.3% in the second quarter. AE Wealth Management LLC now owns 4,096 shares of the company’s stock worth $122,000 after acquiring an additional 3,616 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in Schwab 1000 Index ETF by 13.2% during the third quarter. HBK Sorce Advisory LLC now owns 142,968 shares of the company’s stock worth $4,644,000 after acquiring an additional 16,694 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Schwab 1000 Index ETF during the second quarter worth $824,000.

About Schwab 1000 Index ETF

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.