Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Short Interest Declines 47.7%

by · The Markets Daily

Schwab Crypto Thematic ETF (NYSEARCA:STCE – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 34,089 shares, a decline of 47.7% from the August 31st total of 65,136 shares. Based on an average daily trading volume, of 67,482 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.0% of the shares of the company are short sold.

Schwab Crypto Thematic ETF Stock Down 2.0%

STCE traded down $1.34 during midday trading on Wednesday, hitting $66.02. 209,109 shares of the company traded hands, compared to its average volume of 140,430. The company’s 50-day moving average is $65.77 and its 200 day moving average is $66.79. The firm has a market capitalization of $227.77 million, a PE ratio of 25.00 and a beta of 2.74. Schwab Crypto Thematic ETF has a 52 week low of $48.35 and a 52 week high of $109.64.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc grew its holdings in shares of Schwab Crypto Thematic ETF by 11.4% in the first quarter. AdvisorNet Financial Inc now owns 4,094 shares of the company’s stock worth $213,000 after purchasing an additional 419 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Schwab Crypto Thematic ETF by 480.4% in the second quarter. JFS Wealth Advisors LLC now owns 563 shares of the company’s stock worth $39,000 after buying an additional 466 shares in the last quarter. JNBA Financial Advisors raised its stake in Schwab Crypto Thematic ETF by 735.3% in the second quarter. JNBA Financial Advisors now owns 568 shares of the company’s stock worth $40,000 after buying an additional 500 shares in the last quarter. Global Wealth Strategies & Associates boosted its position in Schwab Crypto Thematic ETF by 3.6% during the 2nd quarter. Global Wealth Strategies & Associates now owns 61,130 shares of the company’s stock valued at $4,276,000 after acquiring an additional 2,127 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its position in Schwab Crypto Thematic ETF by 1,004.4% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,485 shares of the company’s stock valued at $149,000 after acquiring an additional 2,260 shares in the last quarter.

About Schwab Crypto Thematic ETF

(Get Free Report)

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.

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