Schwab Crypto Thematic ETF (NYSEARCA:STCE) Short Interest Down 65.4% in February

Schwab Crypto Thematic ETF (NYSEARCA:STCE) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 11,219 shares, a decline of 65.4% from the February 12th total of 32,427 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 97,315 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 97,315 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are short sold.

Schwab Crypto Thematic ETF Price Performance

Shares of NYSEARCA STCE opened at $55.89 on Wednesday. The firm’s 50-day moving average is $63.01 and its two-hundred day moving average is $71.59. The company has a market capitalization of $243.12 million, a PE ratio of 25.00 and a beta of 2.60. Schwab Crypto Thematic ETF has a 12-month low of $28.07 and a 12-month high of $109.64.

Institutional Investors Weigh In On Schwab Crypto Thematic ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in Schwab Crypto Thematic ETF during the 3rd quarter valued at $36,000. Spire Wealth Management raised its holdings in shares of Schwab Crypto Thematic ETF by 207.5% in the fourth quarter. Spire Wealth Management now owns 615 shares of the company’s stock worth $37,000 after acquiring an additional 415 shares during the last quarter. Coston McIsaac & Partners purchased a new stake in shares of Schwab Crypto Thematic ETF in the third quarter valued at $41,000. 4Thought Financial Group Inc. purchased a new stake in shares of Schwab Crypto Thematic ETF in the fourth quarter valued at $41,000. Finally, Bogart Wealth LLC acquired a new stake in shares of Schwab Crypto Thematic ETF during the fourth quarter valued at $44,000.

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.