Short Interest in Schwab Crypto Thematic ETF (NYSEARCA:STCE) Declines By 42.7%

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 27,913 shares, a decline of 42.7% from the May 31st total of 48,685 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 222,412 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Several hedge funds have recently modified their holdings of STCE. Global Wealth Strategies & Associates grew its stake in Schwab Crypto Thematic ETF by 3.6% during the 2nd quarter. Global Wealth Strategies & Associates now owns 61,130 shares of the company’s stock valued at $4,276,000 after purchasing an additional 2,127 shares in the last quarter. AdvisorNet Financial Inc boosted its position in Schwab Crypto Thematic ETF by 11.4% during the 1st quarter. AdvisorNet Financial Inc now owns 4,094 shares of the company’s stock valued at $213,000 after purchasing an additional 419 shares during the period. Strategic Investment Solutions Inc. IL grew its position in shares of Schwab Crypto Thematic ETF by 1,004.4% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,485 shares of the company’s stock worth $149,000 after acquiring an additional 2,260 shares during the last quarter. MML Investors Services LLC bought a new position in Schwab Crypto Thematic ETF in the 4th quarter worth approximately $3,390,000. Finally, Quattro Advisors LLC bought a new position in shares of Schwab Crypto Thematic ETF in the fourth quarter worth $2,093,000.

Schwab Crypto Thematic ETF Price Performance

Shares of STCE stock opened at $65.94 on Friday. Schwab Crypto Thematic ETF has a 1-year low of $48.35 and a 1-year high of $109.64. The firm has a market cap of $253.87 million, a P/E ratio of 25.00 and a beta of 2.73. The firm’s 50-day simple moving average is $73.57 and its 200-day simple moving average is $65.55.

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.