Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) Short Interest Down 32.3% in August

Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 52,703 shares, a drop of 32.3% from the July 30th total of 77,815 shares. Based on an average daily trading volume, of 230,833 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FNDB. Sunbelt Securities Inc. acquired a new stake in Schwab Fundamental U.S. Broad Market ETF in the 3rd quarter valued at $26,000. Geneos Wealth Management Inc. grew its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 3,140.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock valued at $64,000 after acquiring an additional 2,701 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Schwab Fundamental U.S. Broad Market ETF by 23.5% in the third quarter. Larson Financial Group LLC now owns 3,088 shares of the company’s stock valued at $79,000 after acquiring an additional 588 shares during the last quarter. Composition Wealth LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the fourth quarter valued at about $227,000. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Schwab Fundamental U.S. Broad Market ETF by 7.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,516 shares of the company’s stock valued at $245,000 after acquiring an additional 640 shares during the last quarter.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

NYSEARCA FNDB opened at $31.50 on Wednesday. Schwab Fundamental U.S. Broad Market ETF has a 52 week low of $24.92 and a 52 week high of $32.03. The stock’s 50 day moving average price is $31.11 and its two-hundred day moving average price is $29.60. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.81 and a beta of 0.88.

Schwab Fundamental U.S. Broad Market ETF Company Profile

The Schwab Fundamental U.S. Broad Market Index ETF (FNDB) is an exchange-traded fund that is based on the Russell RAFI US index. The fund tracks a US equity index, selected and weighted based on three fundamental factors (sales, cash flow and dividends\u002Fbuybacks). FNDB was launched on Aug 8, 2013 and is managed by Charles Schwab.