Short Interest in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Declines By 43.7%

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,143,604 shares, a decline of 43.7% from the August 15th total of 2,030,146 shares. Based on an average daily volume of 1,289,179 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Delta Asset Management LLC TN purchased a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth $25,000. Allied Private Wealth LLC acquired a new position in Schwab Fundamental Emerging Markets Equity ETF in the second quarter worth approximately $38,000. Hazlett Burt & Watson Inc. raised its position in Schwab Fundamental Emerging Markets Equity ETF by 213.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,155 shares of the company’s stock valued at $42,000 after acquiring an additional 786 shares in the last quarter. First Bancorp Inc ME acquired a new stake in Schwab Fundamental Emerging Markets Equity ETF in the second quarter valued at approximately $51,000. Finally, Continuum Advisory LLC bought a new stake in Schwab Fundamental Emerging Markets Equity ETF in the second quarter worth approximately $74,000.

Schwab Fundamental Emerging Markets Equity ETF Stock Down 0.8%

Shares of Schwab Fundamental Emerging Markets Equity ETF stock opened at $42.30 on Tuesday. The stock has a market cap of $9.96 billion, a PE ratio of 10.04 and a beta of 0.55. The business has a fifty day simple moving average of $41.39 and a 200-day simple moving average of $40.36. Schwab Fundamental Emerging Markets Equity ETF has a 12 month low of $34.69 and a 12 month high of $43.18.

About Schwab Fundamental Emerging Markets Equity ETF

The Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of emerging market stocks. Its selection and weighting are based on three fundamental factors: sales, cash flow, and dividends\u002Fbuybacks. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.