Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Short Interest Update

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,063,838 shares, a drop of 54.8% from the May 14th total of 2,352,627 shares. Based on an average daily trading volume, of 2,971,867 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Schwab Fundamental U.S. Large Company ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Capital Investment Counsel LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 2.9% in the 1st quarter. Capital Investment Counsel LLC now owns 13,457 shares of the company’s stock worth $375,000 after buying an additional 381 shares during the last quarter. Howe & Rusling Inc. lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 1.4% in the 4th quarter. Howe & Rusling Inc. now owns 27,075 shares of the company’s stock valued at $737,000 after purchasing an additional 381 shares in the last quarter. Legacy Financial Strategies LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 1.1% in the 4th quarter. Legacy Financial Strategies LLC now owns 36,795 shares of the company’s stock valued at $1,001,000 after purchasing an additional 385 shares in the last quarter. Midland Wealth Advisors LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 0.6% in the 3rd quarter. Midland Wealth Advisors LLC now owns 66,619 shares of the company’s stock valued at $1,752,000 after purchasing an additional 397 shares in the last quarter. Finally, Godsey & Gibb Inc. lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 6.2% in the 4th quarter. Godsey & Gibb Inc. now owns 6,793 shares of the company’s stock valued at $185,000 after purchasing an additional 399 shares in the last quarter.

Schwab Fundamental U.S. Large Company ETF Price Performance

NYSEARCA:FNDX traded up $0.28 during mid-day trading on Friday, reaching $31.30. The company’s stock had a trading volume of 3,850,648 shares, compared to its average volume of 5,721,622. The company’s fifty day simple moving average is $30.00 and its two-hundred day simple moving average is $28.69. Schwab Fundamental U.S. Large Company ETF has a twelve month low of $23.89 and a twelve month high of $31.38. The stock has a market cap of $26.96 billion, a P/E ratio of 17.86 and a beta of 0.87.

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.