Schwab 1000 Index ETF (NYSEARCA:SCHK) Short Interest Up 48.7% in July

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 215,948 shares, an increase of 48.7% from the July 15th total of 145,213 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 815,468 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Schwab 1000 Index ETF

A number of institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC boosted its holdings in shares of Schwab 1000 Index ETF by 385.0% in the second quarter. JFS Wealth Advisors LLC now owns 1,911 shares of the company’s stock valued at $69,000 after purchasing an additional 1,517 shares during the period. Fiduciary Financial Group LLC increased its holdings in Schwab 1000 Index ETF by 100.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 82,447 shares of the company’s stock worth $2,973,000 after purchasing an additional 41,255 shares during the period. Orser Capital Management LLC raised its position in Schwab 1000 Index ETF by 2.4% during the 2nd quarter. Orser Capital Management LLC now owns 83,747 shares of the company’s stock valued at $3,020,000 after purchasing an additional 1,930 shares in the last quarter. Evanson Financial LLC purchased a new stake in shares of Schwab 1000 Index ETF in the 2nd quarter worth $226,000. Finally, Curry Webb Wealth Management LLC purchased a new stake in shares of Schwab 1000 Index ETF in the 1st quarter worth $1,379,000.

Schwab 1000 Index ETF Stock Up 0.5%

SCHK traded up $0.18 on Wednesday, reaching $37.22. 1,147,663 shares of the company traded hands, compared to its average volume of 1,236,146. Schwab 1000 Index ETF has a one year low of $30.30 and a one year high of $37.62. The firm has a fifty day simple moving average of $36.20 and a two-hundred day simple moving average of $34.54. The company has a market cap of $5.91 billion, a P/E ratio of 25.42 and a beta of 1.01.

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.