Short Interest in Schwab 1000 Index ETF (NYSEARCA:SCHK) Increases By 104.5%

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 202,007 shares, an increase of 104.5% from the June 15th total of 98,799 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 747,878 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Schwab 1000 Index ETF

A number of large investors have recently modified their holdings of SCHK. JFS Wealth Advisors LLC increased its holdings in Schwab 1000 Index ETF by 385.0% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,911 shares of the company’s stock worth $69,000 after acquiring an additional 1,517 shares during the period. Fiduciary Financial Group LLC boosted its holdings in Schwab 1000 Index ETF by 100.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 82,447 shares of the company’s stock valued at $2,973,000 after purchasing an additional 41,255 shares during the period. Orser Capital Management LLC grew its position in shares of Schwab 1000 Index ETF by 2.4% during the 2nd quarter. Orser Capital Management LLC now owns 83,747 shares of the company’s stock valued at $3,020,000 after purchasing an additional 1,930 shares in the last quarter. Evanson Financial LLC purchased a new position in shares of Schwab 1000 Index ETF during the 2nd quarter valued at $226,000. Finally, Curry Webb Wealth Management LLC bought a new position in shares of Schwab 1000 Index ETF in the first quarter worth $1,379,000.

Schwab 1000 Index ETF Trading Up 0.4%

Shares of NYSEARCA SCHK traded up $0.13 during mid-day trading on Wednesday, hitting $36.39. The company had a trading volume of 1,038,413 shares, compared to its average volume of 1,306,720. Schwab 1000 Index ETF has a 1 year low of $29.83 and a 1 year high of $36.63. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. The stock’s 50-day moving average price is $35.86 and its 200-day moving average price is $33.97.

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.