Short Interest in Schwab 1000 Index ETF (NYSEARCA:SCHK) Decreases By 34.4%

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 298,474 shares, a decrease of 34.4% from the January 15th total of 454,710 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 861,769 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 861,769 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Schwab 1000 Index ETF Price Performance

Shares of SCHK traded up $0.05 on Friday, hitting $32.86. The company’s stock had a trading volume of 1,795,150 shares, compared to its average volume of 1,079,838. The company has a market capitalization of $4.92 billion, a PE ratio of 25.42 and a beta of 1.02. Schwab 1000 Index ETF has a fifty-two week low of $23.18 and a fifty-two week high of $33.62. The company has a 50 day moving average price of $33.11 and a 200 day moving average price of $32.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SCHK. Creative Planning grew its stake in shares of Schwab 1000 Index ETF by 262.0% during the 2nd quarter. Creative Planning now owns 3,092,202 shares of the company’s stock worth $92,209,000 after acquiring an additional 2,238,007 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Schwab 1000 Index ETF by 119.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,477,532 shares of the company’s stock worth $114,063,000 after purchasing an additional 1,889,418 shares during the last quarter. Cornerstone Advisors Asset Management LLC grew its position in Schwab 1000 Index ETF by 130.3% in the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 194,308 shares of the company’s stock valued at $6,373,000 after purchasing an additional 109,944 shares in the last quarter. Wolfstich Capital LLC acquired a new stake in Schwab 1000 Index ETF in the 4th quarter valued at $3,557,000. Finally, Principia Wealth Advisory LLC bought a new stake in Schwab 1000 Index ETF during the 4th quarter worth about $3,550,000.

Schwab 1000 Index ETF Company Profile

The Schwab 1000 Index ETF (SCHK) is an exchange-traded fund that is based on the S&P Schwab 1000 index, a proprietary market-cap-weighted index that includes 1,000 of the largest US-listed stocks. SCHK was launched on Oct 11, 2017 and is managed by Charles Schwab.