Schwab Crypto Thematic ETF (NYSEARCA:STCE) Sees Significant Growth in Short Interest

Schwab Crypto Thematic ETF (NYSEARCA:STCE) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 40,900 shares, a growth of 411.3% from the August 31st total of 8,000 shares. Based on an average daily trading volume, of 62,000 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 62,000 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in Schwab Crypto Thematic ETF by 45,450.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,822 shares of the company’s stock valued at $91,000 after purchasing an additional 1,818 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of Schwab Crypto Thematic ETF by 197.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,004 shares of the company’s stock valued at $100,000 after buying an additional 1,330 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Schwab Crypto Thematic ETF in the 2nd quarter valued at about $235,000. Wealth Management Nebraska bought a new stake in shares of Schwab Crypto Thematic ETF in the 2nd quarter valued at about $341,000. Finally, Flow Traders U.S. LLC boosted its holdings in shares of 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 in the last quarter.

Schwab Crypto Thematic ETF Stock Performance

NYSEARCA STCE opened at $84.11 on Friday. The company has a market capitalization of $235.51 million, a price-to-earnings ratio of 25.00 and a beta of 2.96. The company’s 50-day simple moving average is $62.84 and its two-hundred day simple moving average is $49.49. Schwab Crypto Thematic ETF has a one year low of $28.07 and a one year high of $84.29.

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.