Schwab Crypto Thematic ETF (NYSEARCA:STCE) Trading Down 0.9% – What’s Next?

Schwab Crypto Thematic ETF (NYSEARCA:STCE) shares fell 0.9% on Wednesday . The stock traded as low as $66.95 and last traded at $67.73. 104,857 shares changed hands during trading, a decline of 30% from the average daily volume of 150,659 shares. The stock had previously closed at $68.33.

Schwab Crypto Thematic ETF Stock Performance

The stock has a market capitalization of $247.21 million, a PE ratio of 25.00 and a beta of 2.73. The stock’s 50 day moving average is $72.54 and its two-hundred day moving average is $65.85.

Hedge Funds Weigh In On Schwab Crypto Thematic ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake 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 worth $2,072,000 after acquiring an additional 12,424 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Schwab Crypto Thematic ETF during the third quarter worth approximately $361,000. Triumph Capital Management acquired a new position in Schwab Crypto Thematic ETF in the 3rd quarter valued at $61,000. Advisory Services Network LLC purchased a new position in Schwab Crypto Thematic ETF in the 3rd quarter valued at $36,000. Finally, Breakthru Advisory Services LLC purchased a new position in Schwab Crypto Thematic ETF in the 4th quarter valued at $3,396,000.

Schwab Crypto Thematic ETF Company Profile

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.