Short Interest in Schwab 1000 Index ETF (NYSEARCA:SCHK) Expands By 92.0%

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 387,841 shares, a growth of 92.0% from the March 15th total of 202,036 shares. Based on an average trading volume of 2,012,834 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

Schwab 1000 Index ETF Price Performance

Shares of SCHK stock traded up $0.40 during trading on Tuesday, reaching $33.46. The company had a trading volume of 1,221,562 shares, compared to its average volume of 1,790,048. The firm’s 50 day simple moving average is $32.43 and its two-hundred day simple moving average is $32.61. Schwab 1000 Index ETF has a one year low of $24.49 and a one year high of $33.62. The company has a market capitalization of $5.08 billion, a PE ratio of 25.42 and a beta of 1.02.

Institutional Inflows and Outflows

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

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.