Schwab Crypto Thematic ETF (NYSEARCA:STCE) Trading Up 2% – Here’s Why

Schwab Crypto Thematic ETF (NYSEARCA:STCE) shares were up 2% on Thursday . The stock traded as high as $32.06 and last traded at $32.06. Approximately 14,587 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 40,919 shares. The stock had previously closed at $31.43.

Schwab Crypto Thematic ETF Stock Performance

The stock has a 50 day moving average of $37.56 and a 200-day moving average of $43.48. The firm has a market capitalization of $83.36 million, a P/E ratio of 12.90 and a beta of 2.55.

Hedge Funds Weigh In On Schwab Crypto Thematic ETF

Large investors have recently added to or reduced their stakes in the business. Wealth Management Nebraska bought a new stake in Schwab Crypto Thematic ETF during the fourth quarter worth about $231,000. Global Wealth Strategies & Associates bought a new stake in shares of Schwab Crypto Thematic ETF in the 1st quarter worth approximately $2,026,000. Finally, Jane Street Group LLC purchased a new stake in shares of Schwab Crypto Thematic ETF in the 4th quarter worth approximately $3,336,000.

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.