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

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

Schwab 1000 Index ETF Stock Down 0.7%

SCHK stock traded down $0.25 during midday trading on Tuesday, reaching $37.06. The company had a trading volume of 611,502 shares, compared to its average volume of 1,235,196. The firm has a market capitalization of $5.88 billion, a PE ratio of 25.42 and a beta of 1.01. The stock has a 50 day moving average price of $36.17 and a 200 day moving average price of $34.52. Schwab 1000 Index ETF has a fifty-two week low of $30.30 and a fifty-two week high of $37.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCHK. Archer Investment Corp acquired a new position in shares of Schwab 1000 Index ETF during the first quarter valued at $26,000. Atlas Capital Advisors Inc. bought a new stake in Schwab 1000 Index ETF in the 4th quarter valued at about $31,000. Garner Asset Management Corp acquired a new position in Schwab 1000 Index ETF during the 4th quarter valued at about $44,000. Sound Income Strategies LLC boosted its stake in Schwab 1000 Index ETF by 53.8% during the 1st quarter. Sound Income Strategies LLC now owns 2,009 shares of the company’s stock valued at $63,000 after purchasing an additional 703 shares during the period. Finally, Angeles Wealth Management LLC acquired a new position in Schwab 1000 Index ETF during the 1st quarter valued at about $63,000.

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.