Schwab Crypto Thematic ETF (NYSEARCA:STCE) Short Interest Up 53.6% in February

Schwab Crypto Thematic ETF (NYSEARCA:STCE) was the target of a significant increase in short interest in 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 trading volume, of 232,726 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the shares of the company are short sold. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 232,726 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

Several institutional investors and hedge funds have recently bought and sold shares of STCE. Flow Traders U.S. LLC raised its position in Schwab Crypto Thematic ETF by 365.5% in the second quarter. Flow Traders U.S. LLC now owns 32,867 shares of the company’s stock worth $1,645,000 after purchasing an additional 25,806 shares in the last quarter. 4Thought Financial Group Inc. bought a new position in shares of Schwab Crypto Thematic ETF during the 4th quarter worth approximately $41,000. Spire Wealth Management boosted its stake in Schwab Crypto Thematic ETF by 207.5% in the 4th quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $37,000 after buying an additional 415 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in Schwab Crypto Thematic ETF in the fourth quarter valued at $51,000. Finally, Mattern Wealth Management LLC raised its stake in Schwab Crypto Thematic ETF by 30.4% during the fourth quarter. Mattern Wealth Management LLC now owns 6,123 shares of the company’s stock worth $367,000 after acquiring an additional 1,427 shares in the last quarter.

Schwab Crypto Thematic ETF Stock Down 3.5%

Schwab Crypto Thematic ETF stock opened at $56.63 on Friday. The business has a 50 day moving average price of $64.06 and a two-hundred day moving average price of $71.41. Schwab Crypto Thematic ETF has a 12 month low of $28.07 and a 12 month high of $109.64. The stock has a market cap of $246.34 million, a price-to-earnings ratio of 25.00 and a beta of 2.60.

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.