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

by · The Markets Daily

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 410,576 shares, a decline of 52.5% from the June 15th total of 863,970 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,595,279 shares, the days-to-cover ratio is currently 0.2 days.

Schwab Fundamental U.S. Large Company ETF Stock Up 0.1%

Shares of NYSEARCA FNDX traded up $0.04 during mid-day trading on Wednesday, hitting $31.48. 1,903,973 shares of the company traded hands, compared to its average volume of 5,224,899. Schwab Fundamental U.S. Large Company ETF has a 1 year low of $24.27 and a 1 year high of $31.61. The stock has a market capitalization of $26.31 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. The business has a 50 day moving average of $30.94 and a two-hundred day moving average of $29.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Diversified Management Inc. raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 19.8% during the second quarter. Diversified Management Inc. now owns 45,475 shares of the company’s stock valued at $1,414,000 after acquiring an additional 7,508 shares during the period. Charles Schwab Trust Co raised its stake in Schwab Fundamental U.S. Large Company ETF by 12.1% during the 2nd quarter. Charles Schwab Trust Co now owns 3,606,725 shares of the company’s stock valued at $112,169,000 after purchasing an additional 387,946 shares during the period. KMG Fiduciary Partners LLC lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 0.9% in the second quarter. KMG Fiduciary Partners LLC now owns 71,330 shares of the company’s stock valued at $2,218,000 after purchasing an additional 641 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 3.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 174,935 shares of the company’s stock valued at $5,440,000 after purchasing an additional 5,675 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the second quarter worth $263,000.

Schwab Fundamental U.S. Large Company ETF Company Profile

(Get Free Report)

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.

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