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

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the recipient of a significant growth in short interest in 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 days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 755,578 shares, the days-to-cover ratio is currently 0.6 days.

Schwab 1000 Index ETF Stock Down 0.0%

SCHK opened at $33.45 on Tuesday. The company has a fifty day moving average of $33.05 and a 200-day moving average of $32.15. Schwab 1000 Index ETF has a twelve month low of $23.18 and a twelve month high of $33.67. The stock has a market cap of $5.00 billion, a PE ratio of 25.42 and a beta of 1.02.

Hedge Funds Weigh In On Schwab 1000 Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHK. Atlantic Union Bankshares Corp bought a new position in Schwab 1000 Index ETF in the second quarter worth about $85,000. Vise Technologies Inc. bought a new stake in shares of Schwab 1000 Index ETF during the 2nd quarter valued at $539,000. AE Wealth Management LLC raised its holdings in Schwab 1000 Index ETF by 753.3% in the 2nd quarter. AE Wealth Management LLC now owns 4,096 shares of the company’s stock worth $122,000 after purchasing an additional 3,616 shares during the period. HBK Sorce Advisory LLC grew its holdings 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 valued at $4,644,000 after purchasing an additional 16,694 shares during the period. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Schwab 1000 Index ETF in the second quarter worth approximately $263,000.

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.