Short Interest in Schwab Crypto Thematic ETF (NYSEARCA:STCE) Expands By 53.6%

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 32,427 shares, an increase of 53.6% from the January 29th total of 21,116 shares. Based on an average daily volume of 232,726 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 232,726 shares, the days-to-cover ratio is currently 0.1 days.

Schwab Crypto Thematic ETF Trading Down 3.5%

Shares of Schwab Crypto Thematic ETF stock opened at $56.63 on Friday. The firm has a fifty day simple moving average of $64.06 and a 200-day simple moving average of $71.41. The stock has a market capitalization of $246.34 million, a price-to-earnings ratio of 25.00 and a beta of 2.60. Schwab Crypto Thematic ETF has a 1-year low of $28.07 and a 1-year high of $109.64.

Hedge Funds Weigh In On Schwab Crypto Thematic ETF

Several large investors have recently made changes to their positions in STCE. Flow Traders U.S. LLC grew its holdings in Schwab Crypto Thematic ETF by 365.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 32,867 shares of the company’s stock valued at $1,645,000 after buying an additional 25,806 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Schwab Crypto Thematic ETF by 42.9% in the second quarter. Jane Street Group LLC now owns 41,389 shares of the company’s stock valued at $2,072,000 after acquiring an additional 12,424 shares during the period. AdvisorNet Financial Inc grew its stake in shares of Schwab Crypto Thematic ETF by 32.6% in the third quarter. AdvisorNet Financial Inc now owns 2,658 shares of the company’s stock worth $209,000 after acquiring an additional 654 shares during the last quarter. CWM LLC increased its position in Schwab Crypto Thematic ETF by 52,800.0% during the third quarter. CWM LLC now owns 1,587 shares of the company’s stock worth $125,000 after acquiring an additional 1,584 shares during the period. Finally, Lighthouse Wealth Management Inc. acquired a new position in Schwab Crypto Thematic ETF during the 3rd quarter valued at $218,000.

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.