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

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 410,576 shares, a drop of 52.5% from the June 15th total of 863,970 shares. Based on an average daily trading volume, of 2,595,279 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Schwab Fundamental U.S. Large Company ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Investment Counsel LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 2.9% in the first quarter. Capital Investment Counsel LLC now owns 13,457 shares of the company’s stock valued at $375,000 after purchasing an additional 381 shares in the last quarter. Howe & Rusling Inc. grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 1.4% during the fourth quarter. Howe & Rusling Inc. now owns 27,075 shares of the company’s stock valued at $737,000 after buying an additional 381 shares in the last quarter. Legacy Financial Strategies LLC raised its position in Schwab Fundamental U.S. Large Company ETF by 1.1% during the fourth quarter. Legacy Financial Strategies LLC now owns 36,795 shares of the company’s stock valued at $1,001,000 after buying an additional 385 shares during the period. Godsey & Gibb Inc. raised its position in Schwab Fundamental U.S. Large Company ETF by 6.2% during the fourth quarter. Godsey & Gibb Inc. now owns 6,793 shares of the company’s stock valued at $185,000 after buying an additional 399 shares during the period. Finally, Assetmark Inc. raised its position in Schwab Fundamental U.S. Large Company ETF by 2.7% during the fourth quarter. Assetmark Inc. now owns 15,453 shares of the company’s stock valued at $420,000 after buying an additional 408 shares during the period.

Schwab Fundamental U.S. Large Company ETF Price Performance

Schwab Fundamental U.S. Large Company ETF stock opened at $31.48 on Tuesday. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $24.27 and a fifty-two week high of $31.61. The firm’s 50 day simple moving average is $30.90 and its 200-day simple moving average is $29.30. The company has a market cap of $26.29 billion, a P/E 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.