Schwab Crypto Thematic ETF (NYSEARCA:STCE – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 49,354 shares, a growth of 58.7% from the July 15th total of 31,097 shares. Based on an average daily volume of 106,444 shares, the short-interest ratio is currently 0.5 days. Currently, 1.4% of the shares of the company are sold short.
Schwab Crypto Thematic ETF Stock Performance
Shares of STCE stock opened at $59.66 on Wednesday. Schwab Crypto Thematic ETF has a 52 week low of $48.35 and a 52 week high of $109.64. The company has a market capitalization of $214.78 million, a price-to-earnings ratio of 25.00 and a beta of 2.75. The company has a 50-day simple moving average of $67.49 and a 200 day simple moving average of $64.77.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of STCE. Global Wealth Strategies & Associates lifted its position in shares of 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 worth $4,276,000 after buying an additional 2,127 shares during the last quarter. MML Investors Services LLC purchased a new stake in shares of Schwab Crypto Thematic ETF in the fourth quarter valued at about $3,390,000. Jane Street Group LLC lifted its position 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 buying an additional 12,424 shares in the last quarter. Quattro Advisors LLC purchased a new position in Schwab Crypto Thematic ETF in the fourth quarter worth $2,093,000. Finally, Advyzon Investment Management LLC purchased a new stake in shares of Schwab Crypto Thematic ETF during the 4th quarter valued at $475,000.
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.
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