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

Schwab 1000 Index ETF (NYSEARCA:SCHK) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 202,036 shares, a decline of 14.1% from the February 26th total of 235,135 shares. Based on an average daily trading volume, of 2,957,996 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Schwab 1000 Index ETF Stock Performance

SCHK opened at $31.33 on Wednesday. The company has a market cap of $4.69 billion, a PE ratio of 25.42 and a beta of 1.02. The stock has a 50-day moving average of $32.64 and a 200-day moving average of $32.60. Schwab 1000 Index ETF has a 52-week low of $23.18 and a 52-week high of $33.62.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its stake in shares of Schwab 1000 Index ETF by 39.6% in the fourth quarter. Corient Private Wealth LLC now owns 17,460 shares of the company’s stock valued at $573,000 after buying an additional 4,954 shares during the period. Catalyst Investment Management LLC bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $1,198,000. Cambient Family Office LLC acquired a new position in Schwab 1000 Index ETF in the 4th quarter valued at approximately $775,000. Professional Financial Solutions LLC ADV acquired a new position in Schwab 1000 Index ETF in the 4th quarter valued at approximately $305,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Schwab 1000 Index ETF in the 4th quarter worth approximately $292,000.

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.