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

by · The Cerbat Gem

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

Hedge Funds Weigh In On Schwab 1000 Index ETF

Hedge funds have recently bought and sold shares of the business. Archer Investment Corp bought a new position in shares of Schwab 1000 Index ETF in the 1st quarter worth $26,000. Lodestone Wealth Management LLC acquired a new stake in Schwab 1000 Index ETF during the 4th quarter worth about $28,000. Atlas Capital Advisors Inc. purchased a new stake in Schwab 1000 Index ETF in the fourth quarter valued at approximately $31,000. Dorato Capital Management purchased a new stake in shares of Schwab 1000 Index ETF in the 4th quarter valued at $40,000. Finally, Garner Asset Management Corp purchased a new stake in shares of Schwab 1000 Index ETF in the fourth quarter worth about $44,000.

Schwab 1000 Index ETF Trading Down 0.5%

Shares of NYSEARCA:SCHK traded down $0.19 during mid-day trading on Thursday, reaching $36.20. The stock had a trading volume of 894,131 shares, compared to its average volume of 1,303,642. The business’s 50 day moving average price is $35.90 and its 200 day moving average price is $34.01. Schwab 1000 Index ETF has a 1 year low of $29.89 and a 1 year high of $36.63. The company has a market cap of $5.73 billion, a P/E ratio of 25.42 and a beta of 1.01.

About Schwab 1000 Index ETF

(Get Free Report)

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.

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