Short Interest in Schwab 1000 Index ETF (NYSEARCA:SCHK) Increases By 39.3%

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 235,135 shares, a growth of 39.3% from the February 12th total of 168,815 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,968,997 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 2,968,997 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Schwab 1000 Index ETF Stock Performance

Shares of Schwab 1000 Index ETF stock traded down $0.18 during trading hours on Friday, reaching $31.85. The company’s stock had a trading volume of 2,542,424 shares, compared to its average volume of 1,810,092. The company has a market capitalization of $4.76 billion, a P/E ratio of 25.42 and a beta of 1.02. The stock’s fifty day simple moving average is $33.08 and its two-hundred day simple moving average is $32.57. Schwab 1000 Index ETF has a one year low of $23.18 and a one year high of $33.62.

Hedge Funds Weigh In On Schwab 1000 Index ETF

A number of hedge funds have recently added to or reduced their stakes in SCHK. HBK Sorce Advisory LLC raised its stake in shares of Schwab 1000 Index ETF by 13.2% in the third quarter. HBK Sorce Advisory LLC now owns 142,968 shares of the company’s stock worth $4,644,000 after purchasing an additional 16,694 shares during the last quarter. Vise Technologies Inc. purchased a new stake in Schwab 1000 Index ETF in the 2nd quarter valued at $539,000. Claro Advisors LLC bought a new position in Schwab 1000 Index ETF during the 3rd quarter valued at $1,085,000. AE Wealth Management LLC lifted its stake in Schwab 1000 Index ETF by 753.3% during the 2nd quarter. AE Wealth Management LLC now owns 4,096 shares of the company’s stock valued at $122,000 after acquiring an additional 3,616 shares in the last quarter. Finally, Orser Capital Management LLC purchased a new position in Schwab 1000 Index ETF during the 3rd quarter worth $2,676,000.

About Schwab 1000 Index ETF

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.