Schwab Crypto Thematic ETF (NYSEARCA:STCE) Short Interest Update

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 19,429 shares, a growth of 73.2% from the February 26th total of 11,219 shares. Based on an average daily trading volume, of 98,095 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

Schwab Crypto Thematic ETF Trading Down 5.1%

Shares of Schwab Crypto Thematic ETF stock traded down $2.75 during trading hours on Friday, reaching $50.74. 81,960 shares of the company’s stock were exchanged, compared to its average volume of 160,498. The company has a 50 day moving average of $59.66 and a two-hundred day moving average of $71.19. Schwab Crypto Thematic ETF has a fifty-two week low of $28.07 and a fifty-two week high of $109.64. The stock has a market cap of $220.72 million, a P/E ratio of 25.00 and a beta of 2.60.

Institutional Trading of Schwab Crypto Thematic ETF

Several institutional investors and hedge funds have recently bought and sold shares of STCE. Flow Traders U.S. LLC grew its stake in Schwab Crypto Thematic ETF by 365.5% in the second quarter. Flow Traders U.S. LLC now owns 32,867 shares of the company’s stock valued at $1,645,000 after purchasing an additional 25,806 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Schwab Crypto Thematic ETF by 42.9% during the 2nd quarter. Jane Street Group LLC now owns 41,389 shares of the company’s stock worth $2,072,000 after purchasing an additional 12,424 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Schwab Crypto Thematic ETF by 32.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,658 shares of the company’s stock valued at $209,000 after buying an additional 654 shares during the last quarter. CWM LLC boosted its holdings in shares of Schwab Crypto Thematic ETF by 52,800.0% in the 3rd quarter. CWM LLC now owns 1,587 shares of the company’s stock valued at $125,000 after buying an additional 1,584 shares during the last quarter. Finally, Lighthouse Wealth Management Inc. bought a new position in shares of Schwab Crypto Thematic ETF in the third quarter valued at $218,000.

Schwab Crypto Thematic ETF Company Profile

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.