Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Shares Shorted: Short Interest Up 81.0% in October

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,191,110 shares, a growth of 81.0% from the September 30th total of 1,210,870 shares. Based on an average trading volume of 2,123,591 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Partners Investment Group LLC purchased a new position in Schwab Fundamental International Equity ETF during the third quarter valued at approximately $597,000. Basso Capital Management L.P. bought a new position in shares of Schwab Fundamental International Equity ETF in the third quarter worth approximately $3,495,000. Team Financial Group LLC purchased a new stake in shares of Schwab Fundamental International Equity ETF in the third quarter worth $48,000. Lunt Capital Management Inc. increased its stake in shares of Schwab Fundamental International Equity ETF by 1.6% in the third quarter. Lunt Capital Management Inc. now owns 85,007 shares of the company’s stock worth $4,569,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in shares of Schwab Fundamental International Equity ETF in the third quarter worth $2,272,000.

Schwab Fundamental International Equity ETF Stock Down 0.6%

Shares of NYSEARCA:FNDF traded down $0.35 during midday trading on Friday, hitting $53.89. 1,047,864 shares of the stock traded hands, compared to its average volume of 1,659,612. The stock has a market capitalization of $25.74 billion, a PE ratio of 12.54 and a beta of 0.72. The business’s 50 day moving average is $54.63 and its two-hundred day moving average is $52.44. Schwab Fundamental International Equity ETF has a one year low of $42.96 and a one year high of $56.47.

About Schwab Fundamental International Equity ETF

The Schwab Fundamental International Large Company Index ETF (FNDF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large firms from developed markets ex-US. The fund selects and weights using fundamental factors. FNDF was launched on Aug 15, 2013 and is managed by Charles Schwab.