Schwab 1000 Index ETF (NYSEARCA:SCHK) Short Interest Down 56.7% in May

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 69,869 shares, a decline of 56.7% from the April 30th total of 161,542 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 467,622 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Schwab 1000 Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its holdings in Schwab 1000 Index ETF by 21.4% in the first quarter. Quantinno Capital Management LP now owns 24,092 shares of the company’s stock valued at $755,000 after purchasing an additional 4,242 shares during the period. FreeGulliver LLC grew its stake in Schwab 1000 Index ETF by 90.4% during the 1st quarter. FreeGulliver LLC now owns 146,686 shares of the company’s stock worth $4,596,000 after purchasing an additional 69,645 shares in the last quarter. Alamar Capital Management LLC acquired a new position in Schwab 1000 Index ETF during the 1st quarter worth $504,000. Cetera Investment Advisers grew its stake in Schwab 1000 Index ETF by 1.9% during the 1st quarter. Cetera Investment Advisers now owns 78,284 shares of the company’s stock worth $2,453,000 after purchasing an additional 1,459 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Schwab 1000 Index ETF by 1,575.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,896 shares of the company’s stock worth $373,000 after purchasing an additional 11,186 shares in the last quarter.

Schwab 1000 Index ETF Price Performance

Shares of Schwab 1000 Index ETF stock remained flat at $36.50 on Tuesday. The stock had a trading volume of 1,068,618 shares, compared to its average volume of 1,452,220. Schwab 1000 Index ETF has a fifty-two week low of $28.21 and a fifty-two week high of $36.60. The stock has a market cap of $5.57 billion, a PE ratio of 25.42 and a beta of 1.01. The stock’s fifty day moving average is $33.93 and its 200-day moving average is $33.24.

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.