Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Short Interest Up 69.9% in August

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 690,598 shares, a growth of 69.9% from the July 30th total of 406,471 shares. Based on an average trading volume of 2,205,147 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at about $719,000. AQR Capital Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter valued at $739,000. Jane Street Group LLC grew its position in shares of Schwab Fundamental U.S. Large Company ETF by 39.9% during the first quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock worth $2,090,000 after buying an additional 25,267 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.5% during the 2nd quarter. Baird Financial Group Inc. now owns 26,919 shares of the company’s stock worth $661,000 after purchasing an additional 645 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 6,798.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 17,039 shares of the company’s stock worth $418,000 after acquiring an additional 16,792 shares in the last quarter.

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

NYSEARCA FNDX opened at $32.35 on Wednesday. The business’s fifty day simple moving average is $31.84 and its 200-day simple moving average is $30.30. The firm has a market cap of $27.31 billion, a PE ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 52 week low of $25.43 and a 52 week high of $32.85.

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.