Schwab 1000 Index ETF (NYSEARCA:SCHK) Short Interest Update

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 69,869 shares, a decline of 56.7% from the April 30th total of 161,542 shares. Based on an average daily volume of 467,622 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Schwab 1000 Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Schwab 1000 Index ETF by 119.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,477,532 shares of the company’s stock worth $114,063,000 after buying an additional 1,889,418 shares during the period. Cornerstone Advisors Asset Management LLC grew its position in Schwab 1000 Index ETF by 130.3% during the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 194,308 shares of the company’s stock valued at $6,373,000 after acquiring an additional 109,944 shares during the period. Wolfstich Capital LLC purchased a new stake in Schwab 1000 Index ETF during the fourth quarter valued at about $3,557,000. Principia Wealth Advisory LLC acquired a new stake in Schwab 1000 Index ETF during the fourth quarter worth about $3,550,000. Finally, Bank of America Corp DE increased its stake in Schwab 1000 Index ETF by 56.6% during the third quarter. Bank of America Corp DE now owns 299,094 shares of the company’s stock worth $9,607,000 after acquiring an additional 108,060 shares during the last quarter.

Schwab 1000 Index ETF Price Performance

SCHK stock traded up $0.09 on Friday, hitting $36.40. 1,044,327 shares of the company were exchanged, compared to its average volume of 1,455,981. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. Schwab 1000 Index ETF has a twelve month low of $28.13 and a twelve month high of $36.47. The business’s fifty day moving average is $33.84 and its two-hundred day moving average is $33.21.

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.