Short Interest in Schwab 1000 Index ETF (NYSEARCA:SCHK) Expands By 48.7%

Schwab 1000 Index ETF (NYSEARCA:SCHK) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 215,948 shares, a growth of 48.7% from the July 15th total of 145,213 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 815,468 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SCHK. Archer Investment Corp bought a new position in shares of Schwab 1000 Index ETF in the first quarter valued at $26,000. Atlas Capital Advisors Inc. acquired a new position in shares of Schwab 1000 Index ETF in the 4th quarter worth $31,000. Garner Asset Management Corp acquired a new position in shares of Schwab 1000 Index ETF in the 4th quarter worth $44,000. Sound Income Strategies LLC raised its position in shares of Schwab 1000 Index ETF by 53.8% during the first quarter. Sound Income Strategies LLC now owns 2,009 shares of the company’s stock worth $63,000 after purchasing an additional 703 shares during the period. Finally, Angeles Wealth Management LLC acquired a new stake in shares of Schwab 1000 Index ETF during the first quarter worth $63,000.

Schwab 1000 Index ETF Trading Down 0.7%

Shares of NYSEARCA SCHK traded down $0.25 during midday trading on Tuesday, reaching $37.06. The company’s stock had a trading volume of 611,502 shares, compared to its average volume of 1,235,196. Schwab 1000 Index ETF has a one year low of $30.30 and a one year high of $37.62. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. The company has a 50 day moving average price of $36.17 and a 200 day moving average price of $34.52.

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.