Schwab 1000 Index ETF (NYSEARCA:SCHK) Short Interest Update

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 387,841 shares, a growth of 92.0% from the March 15th total of 202,036 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 2,012,834 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SCHK. Charles Schwab Investment Management Inc. grew its stake in Schwab 1000 Index ETF by 119.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,477,532 shares of the company’s stock worth $114,063,000 after buying an additional 1,889,418 shares during the last quarter. Cornerstone Advisors Asset Management LLC grew its stake in Schwab 1000 Index ETF by 130.3% during the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 194,308 shares of the company’s stock worth $6,373,000 after buying an additional 109,944 shares during the last quarter. Wolfstich Capital LLC purchased a new position in shares of Schwab 1000 Index ETF in the 4th quarter valued at approximately $3,557,000. Principia Wealth Advisory LLC purchased a new position in shares of Schwab 1000 Index ETF in the 4th quarter valued at approximately $3,550,000. Finally, Bank of America Corp DE grew its stake in shares of Schwab 1000 Index ETF by 56.6% in the 3rd quarter. Bank of America Corp DE now owns 299,094 shares of the company’s stock valued at $9,607,000 after purchasing an additional 108,060 shares during the last quarter.

Schwab 1000 Index ETF Price Performance

NYSEARCA:SCHK opened at $32.71 on Monday. The stock’s 50 day moving average price is $32.43 and its 200 day moving average price is $32.60. The company has a market capitalization of $4.97 billion, a PE ratio of 25.42 and a beta of 1.02. Schwab 1000 Index ETF has a 52-week low of $24.49 and a 52-week high of $33.62.

Schwab 1000 Index ETF Company Profile

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.