Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Short Interest Down 52.5% in June

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 410,576 shares, a decrease of 52.5% from the June 15th total of 863,970 shares. Currently, 0.0% of the company’s shares are sold short. 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 Trading Up 0.4%

Shares of Schwab Fundamental U.S. Large Company ETF stock traded up $0.14 during trading hours on Thursday, reaching $31.62. The stock had a trading volume of 2,401,310 shares, compared to its average volume of 5,203,842. The firm has a market capitalization of $26.42 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 1 year low of $24.27 and a 1 year high of $31.72. The firm has a 50 day simple moving average of $30.94 and a two-hundred day simple moving average of $29.35.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FNDX. TradeWell Securities LLC. purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth approximately $346,153,000. Keybank National Association OH raised its stake in shares of Schwab Fundamental U.S. Large Company ETF by 32,896.7% in the 4th quarter. Keybank National Association OH now owns 8,291,741 shares of the company’s stock valued at $225,618,000 after acquiring an additional 8,266,612 shares during the period. Captrust Financial Advisors raised its stake in shares of 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 1.0% during the 4th 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. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 3,064.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,528,667 shares of the company’s stock valued at $68,805,000 after acquiring an additional 2,448,747 shares in the last quarter.

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.