Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Short Interest Down 43.7% in August

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,143,604 shares, a drop of 43.7% from the August 15th total of 2,030,146 shares. Based on an average daily volume of 1,289,179 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Schwab Fundamental Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cahill Financial Advisors Inc. raised its stake in Schwab Fundamental Emerging Markets Equity ETF by 3.6% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 52,940 shares of the company’s stock valued at $2,101,000 after purchasing an additional 1,843 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter worth about $5,119,000. NewEdge Advisors LLC raised its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 126.8% during the second quarter. NewEdge Advisors LLC now owns 21,880 shares of the company’s stock valued at $868,000 after buying an additional 12,234 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 2.8% in the second quarter. Baird Financial Group Inc. now owns 108,805 shares of the company’s stock valued at $4,317,000 after buying an additional 2,916 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 7.4% in the second quarter. Allworth Financial LP now owns 12,879 shares of the company’s stock valued at $511,000 after buying an additional 884 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

Schwab Fundamental Emerging Markets Equity ETF stock opened at $42.30 on Tuesday. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 10.04 and a beta of 0.55. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $34.69 and a fifty-two week high of $43.18. The firm has a fifty day moving average price of $41.39 and a two-hundred day moving average price of $40.36.

Schwab Fundamental Emerging Markets Equity ETF Company Profile

The Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of emerging market stocks. Its selection and weighting are based on three fundamental factors: sales, cash flow, and dividends\u002Fbuybacks. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.