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

Schwab 1000 Index ETF (NYSEARCA:SCHK) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 298,474 shares, a decline of 34.4% from the January 15th total of 454,710 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 861,769 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 861,769 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Schwab 1000 Index ETF Stock Performance

NYSEARCA:SCHK opened at $32.81 on Friday. The firm has a market cap of $4.91 billion, a P/E ratio of 25.42 and a beta of 1.02. Schwab 1000 Index ETF has a fifty-two week low of $23.18 and a fifty-two week high of $33.62. The firm has a 50-day simple moving average of $33.11 and a two-hundred day simple moving average of $32.27.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning boosted its stake in Schwab 1000 Index ETF by 262.0% during the 2nd quarter. Creative Planning now owns 3,092,202 shares of the company’s stock valued at $92,209,000 after purchasing an additional 2,238,007 shares during the last quarter. Cornerstone Advisors Asset Management LLC lifted its holdings in shares of Schwab 1000 Index ETF by 130.3% during the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 194,308 shares of the company’s stock valued at $6,373,000 after purchasing an additional 109,944 shares in the last quarter. Wolfstich Capital LLC purchased a new stake in shares of Schwab 1000 Index ETF during the fourth quarter valued at $3,557,000. Principia Wealth Advisory LLC purchased a new stake in shares of Schwab 1000 Index ETF during the fourth quarter valued at $3,550,000. Finally, Bank of America Corp DE increased its holdings in 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 worth $9,607,000 after buying an additional 108,060 shares in the last quarter.

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.