Short Interest in Schwab Crypto Thematic ETF (NYSEARCA:STCE) Declines By 65.4%

Schwab Crypto Thematic ETF (NYSEARCA:STCE) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 11,219 shares, a decline of 65.4% from the February 12th total of 32,427 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 97,315 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 97,315 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of Schwab Crypto Thematic ETF

A number of institutional investors and hedge funds have recently modified their holdings of STCE. Breakthru Advisory Services LLC bought a new stake in Schwab Crypto Thematic ETF in the 4th quarter valued at $3,396,000. MML Investors Services LLC acquired a new position in shares of Schwab Crypto Thematic ETF in the 4th quarter worth approximately $3,390,000. Jane Street Group LLC boosted its stake in Schwab Crypto Thematic ETF by 42.9% in the 2nd quarter. Jane Street Group LLC now owns 41,389 shares of the company’s stock valued at $2,072,000 after buying an additional 12,424 shares in the last quarter. Quattro Advisors LLC acquired a new position in Schwab Crypto Thematic ETF during the fourth quarter worth $2,093,000. Finally, Flow Traders U.S. LLC grew its holdings in shares of Schwab Crypto Thematic ETF by 365.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 32,867 shares of the company’s stock worth $1,645,000 after purchasing an additional 25,806 shares during the last quarter.

Schwab Crypto Thematic ETF Price Performance

STCE stock traded up $0.55 on Friday, reaching $55.76. 115,636 shares of the company were exchanged, compared to its average volume of 169,309. Schwab Crypto Thematic ETF has a 12 month low of $28.07 and a 12 month high of $109.64. The stock’s fifty day moving average price is $62.67 and its 200 day moving average price is $71.36. The firm has a market capitalization of $242.56 million, a PE ratio of 25.00 and a beta of 2.60.

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.