Short Interest in Schwab Crypto Thematic ETF (NYSEARCA:STCE) Rises By 60.7%

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

Schwab Crypto Thematic ETF Trading Up 1.0%

STCE traded up $0.81 on Tuesday, hitting $79.66. 48,103 shares of the company’s stock were exchanged, compared to its average volume of 151,139. Schwab Crypto Thematic ETF has a fifty-two week low of $41.56 and a fifty-two week high of $109.64. The firm has a 50-day moving average price of $70.08 and a 200-day moving average price of $65.41. The stock has a market cap of $334.57 million, a price-to-earnings ratio of 25.00 and a beta of 2.69.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Breakthru Advisory Services LLC acquired a new stake in Schwab Crypto Thematic ETF during the 4th quarter worth $3,396,000. MML Investors Services LLC acquired a new stake in Schwab Crypto Thematic ETF during the 4th quarter worth $3,390,000. Jane Street Group LLC boosted its stake in Schwab Crypto Thematic ETF by 42.9% during the 2nd quarter. Jane Street Group LLC now owns 41,389 shares of the company’s stock worth $2,072,000 after purchasing an additional 12,424 shares during the last quarter. Quattro Advisors LLC acquired a new stake in Schwab Crypto Thematic ETF during the 4th quarter worth $2,093,000. Finally, Advyzon Investment Management LLC acquired a new stake in Schwab Crypto Thematic ETF during the 4th quarter worth $475,000.

Schwab Crypto Thematic ETF Company Profile

(Get Free Report)

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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