Schwab Crypto Thematic ETF (NYSEARCA:STCE – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 27,913 shares, a drop of 42.7% from the May 31st total of 48,685 shares. Based on an average trading volume of 222,412 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the company’s stock are sold short.
Schwab Crypto Thematic ETF Trading Down 4.3%
Shares of STCE traded down $2.94 during trading hours on Thursday, hitting $65.94. The company had a trading volume of 286,847 shares, compared to its average volume of 152,666. The company has a market capitalization of $253.87 million, a PE ratio of 25.00 and a beta of 2.73. Schwab Crypto Thematic ETF has a one year low of $48.35 and a one year high of $109.64. The company’s fifty day moving average price is $73.57 and its two-hundred day moving average price is $65.55.
Hedge Funds Weigh In On Schwab Crypto Thematic ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Breakthru Advisory Services LLC acquired a new stake in shares of Schwab Crypto Thematic ETF during the fourth quarter worth about $3,396,000. MML Investors Services LLC acquired a new position in Schwab Crypto Thematic ETF in the 4th quarter worth approximately $3,390,000. Triumph Capital Management acquired a new position in Schwab Crypto Thematic ETF in the 3rd quarter worth approximately $61,000. 4Thought Financial Group Inc. acquired a new position in Schwab Crypto Thematic ETF in the 4th quarter worth approximately $41,000. Finally, Quattro Advisors LLC purchased a new position in Schwab Crypto Thematic ETF during the 4th quarter worth approximately $2,093,000.
Schwab Crypto Thematic ETF Company Profile
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.
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