Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sees Significant Increase in Short Interest

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 690,598 shares, an increase of 69.9% from the July 30th total of 406,471 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,205,147 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 413,443,221 shares of the company’s stock valued at $11,249,790,000 after acquiring an additional 4,241,879 shares in the last quarter. Captrust Financial Advisors lifted its position in Schwab Fundamental U.S. Large Company ETF by 25.7% in the 4th quarter. Captrust Financial Advisors now owns 21,393,347 shares of the company’s stock valued at $582,113,000 after acquiring an additional 4,370,263 shares in the last quarter. TradeWell Securities LLC. purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the 4th quarter valued at $346,153,000. Keybank National Association OH boosted its stake in Schwab Fundamental U.S. Large Company ETF by 50.2% during the 1st quarter. Keybank National Association OH now owns 12,454,472 shares of the company’s stock valued at $346,857,000 after purchasing an additional 4,162,731 shares during the last quarter. Finally, Boulay Financial Advisors LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 4.0% during the 4th quarter. Boulay Financial Advisors LLC now owns 9,126,260 shares of the company’s stock valued at $248,326,000 after purchasing an additional 353,656 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Price Performance

Schwab Fundamental U.S. Large Company ETF stock traded down $0.13 during mid-day trading on Monday, reaching $32.38. The stock had a trading volume of 3,243,281 shares, compared to its average volume of 4,652,363. Schwab Fundamental U.S. Large Company ETF has a one year low of $25.43 and a one year high of $32.85. The company has a 50-day moving average price of $31.79 and a two-hundred day moving average price of $30.25. The company has a market capitalization of $27.33 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87.

Schwab Fundamental U.S. Large Company ETF Company Profile

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.