Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Sees Large Growth in Short Interest

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,800,497 shares, a growth of 62.0% from the September 30th total of 1,111,275 shares. Based on an average daily volume of 2,044,448 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Schwab Fundamental Emerging Markets Equity ETF by 29.8% in the 1st quarter. Bank of America Corp DE now owns 2,799,303 shares of the company’s stock valued at $107,101,000 after buying an additional 641,952 shares in the last quarter. Arlington Financial Advisors LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 3rd quarter worth $33,571,000. Morningstar Investment Management LLC lifted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 3.3% during the first quarter. Morningstar Investment Management LLC now owns 723,788 shares of the company’s stock worth $27,692,000 after buying an additional 22,898 shares in the last quarter. Johnson Bixby & Associates LLC lifted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 3.0% during the third quarter. Johnson Bixby & Associates LLC now owns 614,918 shares of the company’s stock worth $25,747,000 after buying an additional 17,909 shares in the last quarter. Finally, Almanack Investment Partners LLC. lifted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 7.8% during the third quarter. Almanack Investment Partners LLC. now owns 605,067 shares of the company’s stock worth $25,334,000 after buying an additional 43,910 shares in the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

Shares of Schwab Fundamental Emerging Markets Equity ETF stock opened at $40.28 on Wednesday. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $34.99 and a fifty-two week high of $43.18. The firm has a fifty day moving average price of $42.15 and a two-hundred day moving average price of $40.51. The company has a market cap of $9.89 billion, a PE ratio of 10.04 and a beta of 0.59.

Schwab Fundamental Emerging Markets Equity ETF Company Profile

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.