Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Short Interest Up 1,361.8% in January

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 4,300,749 shares, an increase of 1,361.8% from the January 15th total of 294,211 shares. Based on an average daily trading volume, of 2,118,155 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,118,155 shares, the days-to-cover ratio is currently 2.0 days.

Schwab Fundamental International Equity ETF Stock Performance

Shares of Schwab Fundamental International Equity ETF stock traded up $0.67 on Wednesday, hitting $51.43. 661,066 shares of the company traded hands, compared to its average volume of 1,724,889. The business has a 50-day simple moving average of $46.65 and a 200 day simple moving average of $44.27. Schwab Fundamental International Equity ETF has a 52 week low of $31.92 and a 52 week high of $51.43. The stock has a market capitalization of $22.39 billion, a P/E ratio of 12.54 and a beta of 0.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FNDF. Brighton Jones LLC increased its position in Schwab Fundamental International Equity ETF by 20.6% in the fourth quarter. Brighton Jones LLC now owns 11,667 shares of the company’s stock worth $387,000 after purchasing an additional 1,989 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Schwab Fundamental International Equity ETF in the 4th quarter worth $419,000. AQR Capital Management LLC increased its holdings in shares of Schwab Fundamental International Equity ETF by 45.5% in the 1st quarter. AQR Capital Management LLC now owns 28,244 shares of the company’s stock worth $1,021,000 after buying an additional 8,829 shares during the last quarter. US Bancorp DE increased its holdings in shares of Schwab Fundamental International Equity ETF by 23.1% in the 2nd quarter. US Bancorp DE now owns 14,945 shares of the company’s stock worth $598,000 after buying an additional 2,800 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in shares of Schwab Fundamental International Equity ETF by 6.4% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 10,546 shares of the company’s stock valued at $422,000 after buying an additional 635 shares in the last quarter.

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.