Short Interest in Schwab 1000 Index ETF (NYSEARCA:SCHK) Rises By 64.6%

Schwab 1000 Index ETF (NYSEARCA:SCHK) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 337,188 shares, an increase of 64.6% from the December 15th total of 204,853 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,223,142 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 1,223,142 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Schwab 1000 Index ETF

A number of hedge funds have recently modified their holdings of SCHK. SigFig Wealth Management LLC lifted its holdings in shares of Schwab 1000 Index ETF by 8.4% during the fourth quarter. SigFig Wealth Management LLC now owns 28,477 shares of the company’s stock valued at $934,000 after purchasing an additional 2,199 shares during the last quarter. Dorato Capital Management acquired a new stake in Schwab 1000 Index ETF during the 4th quarter worth about $40,000. Blue Trust Inc. lifted its stake in Schwab 1000 Index ETF by 149.6% during the fourth quarter. Blue Trust Inc. now owns 1,500 shares of the company’s stock valued at $49,000 after buying an additional 899 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in Schwab 1000 Index ETF during the fourth quarter valued at about $28,000. Finally, Lighthouse Wealth Management Inc. boosted its holdings in shares of Schwab 1000 Index ETF by 4.5% in the fourth quarter. Lighthouse Wealth Management Inc. now owns 375,340 shares of the company’s stock worth $12,311,000 after buying an additional 16,262 shares during the period.

Schwab 1000 Index ETF Stock Down 0.1%

Shares of NYSEARCA SCHK opened at $33.37 on Friday. The stock has a market capitalization of $4.96 billion, a PE ratio of 25.42 and a beta of 1.02. Schwab 1000 Index ETF has a 52-week low of $23.18 and a 52-week high of $33.56. The firm has a fifty day moving average of $32.81 and a 200-day moving average of $31.89.

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.