Short Interest in Schwab Crypto Thematic ETF (NYSEARCA:STCE) Declines By 46.8%

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 21,116 shares, a decline of 46.8% from the January 15th total of 39,719 shares. Based on an average daily trading volume, of 281,794 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 281,794 shares, the days-to-cover ratio is currently 0.1 days.

Schwab Crypto Thematic ETF Stock Performance

Shares of Schwab Crypto Thematic ETF stock traded up $1.99 during trading on Friday, hitting $58.18. 79,010 shares of the company’s stock were exchanged, compared to its average volume of 214,670. The stock has a market capitalization of $253.08 million, a price-to-earnings ratio of 25.00 and a beta of 2.60. The business has a 50-day simple moving average of $66.10 and a 200-day simple moving average of $71.18. Schwab Crypto Thematic ETF has a 52-week low of $28.07 and a 52-week high of $109.64.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in shares of Schwab Crypto Thematic ETF during the 3rd quarter worth approximately $36,000. Coston McIsaac & Partners purchased a new position in Schwab Crypto Thematic ETF during the 3rd quarter worth approximately $41,000. Spire Wealth Management increased its holdings in shares of Schwab Crypto Thematic ETF by 207.5% in the 4th quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $37,000 after acquiring an additional 415 shares during the period. 4Thought Financial Group Inc. purchased a new position in shares of Schwab Crypto Thematic ETF during the fourth quarter worth about $41,000. Finally, Bogart Wealth LLC purchased a new position in shares of Schwab Crypto Thematic ETF in the 4th quarter valued at approximately $44,000.

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.