Short Interest in Schwab Crypto Thematic ETF (NYSEARCA:STCE) Decreases By 42.7%

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 27,913 shares, a decline of 42.7% from the May 31st total of 48,685 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 222,412 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Breakthru Advisory Services LLC bought a new position in shares of Schwab Crypto Thematic ETF in the fourth quarter valued at approximately $3,396,000. Triumph Capital Management bought a new stake in Schwab Crypto Thematic ETF during the third quarter worth $61,000. Jane Street Group LLC purchased a new position in Schwab Crypto Thematic ETF in the fourth quarter worth $1,247,000. HighTower Advisors LLC boosted its position in Schwab Crypto Thematic ETF by 57.2% in the fourth quarter. HighTower Advisors LLC now owns 4,242 shares of the company’s stock worth $254,000 after purchasing an additional 1,543 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Schwab Crypto Thematic ETF by 83.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,281 shares of the company’s stock valued at $77,000 after purchasing an additional 583 shares during the period.

Schwab Crypto Thematic ETF Price Performance

Shares of NYSEARCA STCE traded down $1.07 during trading on Wednesday, hitting $68.88. The stock had a trading volume of 194,139 shares, compared to its average volume of 151,584. The firm has a fifty day moving average of $73.55 and a two-hundred day moving average of $65.59. The company has a market capitalization of $289.30 million, a PE ratio of 25.00 and a beta of 2.69. Schwab Crypto Thematic ETF has a 12 month low of $48.35 and a 12 month high of $109.64.

About Schwab Crypto Thematic ETF

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.