Short Interest in Schwab Crypto Thematic ETF (NYSEARCA:STCE) Rises By 60.7%

Schwab Crypto Thematic ETF (NYSEARCA:STCEGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 48,685 shares, a growth of 60.7% from the May 14th total of 30,300 shares. Based on an average trading volume of 133,865 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

A number of institutional investors have recently added to or reduced their stakes in STCE. Advisory Services Network LLC acquired a new stake in Schwab Crypto Thematic ETF in the 3rd quarter valued at $36,000. Spire Wealth Management grew its stake in Schwab Crypto Thematic ETF by 207.5% in the 4th quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $37,000 after acquiring an additional 415 shares during the period. 4Thought Financial Group Inc. acquired a new stake in Schwab Crypto Thematic ETF in the 4th quarter valued at $41,000. Bogart Wealth LLC acquired a new stake in Schwab Crypto Thematic ETF in the 4th quarter valued at $44,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Schwab Crypto Thematic ETF in the 4th quarter valued at $46,000.

Schwab Crypto Thematic ETF Stock Performance

Schwab Crypto Thematic ETF stock traded up $0.81 during trading on Tuesday, reaching $79.66. The company had a trading volume of 48,103 shares, compared to its average volume of 151,139. The firm’s 50-day simple moving average is $70.08 and its 200 day simple moving average is $65.41. Schwab Crypto Thematic ETF has a 1-year low of $41.56 and a 1-year high of $109.64. The firm has a market capitalization of $334.57 million, a PE ratio of 25.00 and a beta of 2.69.

About Schwab Crypto Thematic ETF

(Get Free Report)

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.

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