Short Interest in Schwab 1000 Index ETF (NYSEARCA:SCHK) Rises By 61.2%

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 361,800 shares, an increase of 61.2% from the September 30th total of 224,400 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,624,200 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,624,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SCHK. Creative Planning raised its stake in shares of Schwab 1000 Index ETF by 262.0% during the 2nd quarter. Creative Planning now owns 3,092,202 shares of the company’s stock worth $92,209,000 after acquiring an additional 2,238,007 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Schwab 1000 Index ETF by 512.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 134,480 shares of the company’s stock worth $4,061,000 after purchasing an additional 112,539 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Schwab 1000 Index ETF during the 2nd quarter worth approximately $3,134,000. Blue Capital Inc. purchased a new stake in Schwab 1000 Index ETF during the 2nd quarter worth approximately $2,571,000. Finally, Orser Capital Management LLC purchased a new stake in Schwab 1000 Index ETF during the 3rd quarter worth approximately $2,676,000.

Schwab 1000 Index ETF Stock Up 0.2%

NYSEARCA SCHK opened at $32.90 on Tuesday. The firm has a market cap of $4.82 billion, a PE ratio of 25.42 and a beta of 1.02. The company has a 50 day moving average price of $32.00 and a 200 day moving average price of $30.13. Schwab 1000 Index ETF has a 52 week low of $23.18 and a 52 week high of $33.21.

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.