Schwab Crypto Thematic ETF (NYSEARCA:STCE) Stock Short Interest Declines 47.7%

Schwab Crypto Thematic ETF (NYSEARCA:STCE) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 34,089 shares, a decrease of 47.7% from the August 31st total of 65,136 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 67,482 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Schwab Crypto Thematic ETF

Several large investors have recently made changes to their positions in the company. Global Wealth Strategies & Associates raised its position in Schwab Crypto Thematic ETF by 3.6% during the second quarter. Global Wealth Strategies & Associates now owns 61,130 shares of the company’s stock valued at $4,276,000 after purchasing an additional 2,127 shares in the last quarter. Oarsman Capital Inc. bought a new position in shares of Schwab Crypto Thematic ETF in the 2nd quarter valued at $1,922,000. AdvisorNet Financial Inc raised its holdings in shares of Schwab Crypto Thematic ETF by 11.4% during the 1st quarter. AdvisorNet Financial Inc now owns 4,094 shares of the company’s stock worth $213,000 after buying an additional 419 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Schwab Crypto Thematic ETF during the 2nd quarter worth $282,000. Finally, Strategic Investment Solutions Inc. IL lifted its position in shares of Schwab Crypto Thematic ETF by 1,004.4% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,485 shares of the company’s stock worth $149,000 after buying an additional 2,260 shares during the last quarter.

Schwab Crypto Thematic ETF Price Performance

STCE stock traded up $0.08 during midday trading on Thursday, reaching $66.10. The company had a trading volume of 229,693 shares, compared to its average volume of 140,905. Schwab Crypto Thematic ETF has a 1-year low of $48.35 and a 1-year high of $109.64. The stock has a 50 day moving average price of $65.73 and a 200-day moving average price of $66.86. The company has a market capitalization of $228.04 million, a price-to-earnings ratio of 25.00 and a beta of 2.74.

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.