Schwab 1000 Index ETF (NYSEARCA:SCHK) Sees Large Growth in Short Interest

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 354,800 shares, anincreaseof53.1% from the July 15th total of 231,700 shares. Approximately0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 892,200 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 892,200 shares, the days-to-cover ratio is currently 0.4 days. Approximately0.2% of the company’s shares are sold short.

Schwab 1000 Index ETF Stock Down 0.3%

Shares of NYSEARCA:SCHK opened at $30.78 on Thursday. The business’s 50 day moving average is $30.12 and its 200 day moving average is $28.45. The stock has a market cap of $4.46 billion, a P/E 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 $31.17.

Institutional Trading of Schwab 1000 Index ETF

A number of hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its holdings in Schwab 1000 Index ETF by 70.0% during the second quarter. Corient Private Wealth LLC now owns 24,858 shares of the company’s stock worth $741,000 after buying an additional 10,236 shares during the period. MML Investors Services LLC boosted its position in shares of Schwab 1000 Index ETF by 4.3% in the 2nd quarter. MML Investors Services LLC now owns 78,759 shares of the company’s stock worth $2,349,000 after purchasing an additional 3,252 shares in the last quarter. Blue Capital Inc. acquired a new stake in shares of Schwab 1000 Index ETF in the 2nd quarter worth $2,571,000. Raymond James Financial Inc. boosted its position in shares of Schwab 1000 Index ETF by 1.6% in the 2nd quarter. Raymond James Financial Inc. now owns 48,307 shares of the company’s stock worth $1,441,000 after purchasing an additional 746 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in shares of Schwab 1000 Index ETF by 16.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 394,821 shares of the company’s stock worth $11,774,000 after purchasing an additional 54,677 shares in the last quarter.

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.