Short Interest in Schwab 1000 Index ETF (NYSEARCA:SCHK) Expands By 34.9%

Schwab 1000 Index ETF (NYSEARCA:SCHK) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 454,710 shares, an increase of 34.9% from the December 31st total of 337,188 shares. Based on an average daily volume of 755,578 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 755,578 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SCHK. Sequoia Financial Advisors LLC boosted its holdings in shares of Schwab 1000 Index ETF by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 8,290 shares of the company’s stock valued at $247,000 after buying an additional 347 shares during the period. Brucke Financial Inc. boosted its stake in shares of Schwab 1000 Index ETF by 3.9% during the 2nd quarter. Brucke Financial Inc. now owns 9,659 shares of the company’s stock worth $288,000 after buying an additional 366 shares during the last quarter. Stevens Capital Partners boosted its position in Schwab 1000 Index ETF by 4.0% during the third quarter. Stevens Capital Partners now owns 12,720 shares of the company’s stock valued at $409,000 after purchasing an additional 489 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in shares of Schwab 1000 Index ETF by 3.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 15,563 shares of the company’s stock valued at $464,000 after buying an additional 495 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its stake in Schwab 1000 Index ETF by 15.6% in the second quarter. AlphaCore Capital LLC now owns 3,696 shares of the company’s stock valued at $110,000 after acquiring an additional 500 shares during the last quarter.

Schwab 1000 Index ETF Price Performance

Shares of SCHK traded up $0.19 on Monday, hitting $33.45. The company’s stock had a trading volume of 1,158,494 shares, compared to its average volume of 825,280. The company has a market capitalization of $5.00 billion, a PE ratio of 25.42 and a beta of 1.02. The company has a 50 day moving average price of $33.05 and a 200 day moving average price of $32.15. Schwab 1000 Index ETF has a fifty-two week low of $23.18 and a fifty-two week high of $33.62.

About Schwab 1000 Index ETF

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.