Schwab Crypto Thematic ETF (NYSEARCA:STCE) Sees Large Growth in Short Interest

Schwab Crypto Thematic ETF (NYSEARCA:STCE) saw a large increase in short interest in 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. Currently, 1.2% of the company’s stock are short sold. Based on an average trading volume of 133,865 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc increased its stake in shares of Schwab Crypto Thematic ETF by 11.4% in the 1st quarter. AdvisorNet Financial Inc now owns 4,094 shares of the company’s stock worth $213,000 after acquiring an additional 419 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its stake in Schwab Crypto Thematic ETF by 1,004.4% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,485 shares of the company’s stock valued at $149,000 after purchasing an additional 2,260 shares in the last quarter. MML Investors Services LLC bought a new stake in Schwab Crypto Thematic ETF during the 4th quarter valued at about $3,390,000. Quattro Advisors LLC bought a new stake in Schwab Crypto Thematic ETF during the 4th quarter valued at about $2,093,000. Finally, Advyzon Investment Management LLC bought a new stake in Schwab Crypto Thematic ETF during the 4th quarter valued at about $475,000.

Schwab Crypto Thematic ETF Price Performance

Shares of Schwab Crypto Thematic ETF stock opened at $77.22 on Thursday. The company has a 50-day moving average of $71.05 and a 200 day moving average of $65.49. The firm has a market cap of $324.32 million, a price-to-earnings ratio of 25.00 and a beta of 2.69. Schwab Crypto Thematic ETF has a 1 year low of $41.56 and a 1 year high of $109.64.

About Schwab Crypto Thematic ETF

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.