Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Short Interest Up 158.1% in July

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,059,738 shares, a growth of 158.1% from the June 30th total of 410,576 shares. Based on an average trading volume of 2,592,968 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Schwab Fundamental U.S. Large Company ETF Trading Down 1.0%

Shares of FNDX stock traded down $0.33 during trading hours on Wednesday, hitting $31.54. 3,477,501 shares of the company were exchanged, compared to its average volume of 5,031,555. Schwab Fundamental U.S. Large Company ETF has a 52 week low of $24.27 and a 52 week high of $31.94. The business has a 50 day moving average of $31.16 and a two-hundred day moving average of $29.61. The company has a market capitalization of $26.55 billion, a PE ratio of 17.86 and a beta of 0.87.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FNDX. Revolve Wealth Partners LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth approximately $719,000. AQR Capital Management LLC bought a new stake in Schwab Fundamental U.S. Large Company ETF in the 1st quarter valued at $739,000. Jane Street Group LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 39.9% in the 1st quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock valued at $2,090,000 after purchasing an additional 25,267 shares during the period. Baird Financial Group Inc. grew its holdings in Schwab Fundamental U.S. Large Company ETF by 2.5% in the 2nd quarter. Baird Financial Group Inc. now owns 26,919 shares of the company’s stock valued at $661,000 after buying an additional 645 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Schwab Fundamental U.S. Large Company ETF by 6,798.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 17,039 shares of the company’s stock valued at $418,000 after buying an additional 16,792 shares in the last quarter.

About Schwab Fundamental U.S. Large Company ETF

The Schwab Fundamental U.S. Large Company Index ETF (FNDX) is an exchange-traded fund that is based on the Russell RAFI Large Company US index. The fund tracks a fundamentally selected and weighted Russell index based on sales, cash flow and dividends\u002Fbuybacks. FNDX was launched on Aug 15, 2013 and is managed by Charles Schwab.