Schwab 1000 Index ETF (NYSEARCA:SCHK) Sees Significant Increase in Short Interest

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 215,948 shares, a growth of 48.7% from the July 15th total of 145,213 shares. Based on an average daily volume of 815,468 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Schwab 1000 Index ETF Stock Up 0.2%

NYSEARCA:SCHK opened at $37.11 on Thursday. The stock’s 50 day moving average price is $36.24 and its two-hundred day moving average price is $34.57. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. Schwab 1000 Index ETF has a 12-month low of $30.30 and a 12-month high of $37.62.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. JFS Wealth Advisors LLC lifted its holdings in Schwab 1000 Index ETF by 385.0% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,911 shares of the company’s stock valued at $69,000 after purchasing an additional 1,517 shares during the last quarter. Fiduciary Financial Group LLC increased its holdings in shares of Schwab 1000 Index ETF by 100.2% in the second quarter. Fiduciary Financial Group LLC now owns 82,447 shares of the company’s stock valued at $2,973,000 after purchasing an additional 41,255 shares during the last quarter. Orser Capital Management LLC increased its holdings in shares of Schwab 1000 Index ETF by 2.4% in the second quarter. Orser Capital Management LLC now owns 83,747 shares of the company’s stock valued at $3,020,000 after purchasing an additional 1,930 shares during the last quarter. Evanson Financial LLC bought a new position in shares of Schwab 1000 Index ETF in the second quarter valued at about $226,000. Finally, Curry Webb Wealth Management LLC bought a new position in shares of Schwab 1000 Index ETF in the first quarter valued at about $1,379,000.

Schwab 1000 Index ETF Company Profile

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.