Short Interest in Schwab Crypto Thematic ETF (NYSEARCA:STCE) Declines By 62.9%

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 21,300 shares, a drop of 62.9% from the March 31st total of 57,376 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 126,136 shares, the days-to-cover ratio is currently 0.2 days.

Schwab Crypto Thematic ETF Stock Down 0.5%

Schwab Crypto Thematic ETF stock traded down $0.34 during trading hours on Friday, hitting $66.62. The stock had a trading volume of 122,833 shares, compared to its average volume of 150,127. The stock has a market cap of $279.80 million, a price-to-earnings ratio of 25.00 and a beta of 2.68. Schwab Crypto Thematic ETF has a one year low of $34.92 and a one year high of $109.64. The business’s 50 day simple moving average is $57.75 and its 200-day simple moving average is $68.69.

Hedge Funds Weigh In On Schwab Crypto Thematic ETF

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Schwab Crypto Thematic ETF in the third quarter valued at about $36,000. Spire Wealth Management raised its position in Schwab Crypto Thematic ETF by 207.5% in the fourth quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $37,000 after purchasing an additional 415 shares during the last quarter. Coston McIsaac & Partners bought a new position in Schwab Crypto Thematic ETF in the third quarter valued at about $41,000. 4Thought Financial Group Inc. bought a new position in Schwab Crypto Thematic ETF in the fourth quarter valued at about $41,000. Finally, Bogart Wealth LLC bought a new position in Schwab Crypto Thematic ETF in the fourth quarter valued at about $44,000.

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.