Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sees Large Decline in Short Interest

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 2,665,684 shares, a drop of 13.1% from the February 12th total of 3,068,083 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 7,162,125 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 7,162,125 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Trading of Schwab Fundamental U.S. Large Company ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Keenan LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth about $27,000. Resources Management Corp CT ADV bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth about $27,000. Capital Investment Advisory Services LLC raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 82.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,358 shares of the company’s stock worth $37,000 after acquiring an additional 615 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter worth approximately $39,000. Finally, RHL Group LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter worth approximately $41,000.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.7%

FNDX traded up $0.19 during trading on Tuesday, reaching $28.24. 3,297,652 shares of the company’s stock were exchanged, compared to its average volume of 6,545,249. Schwab Fundamental U.S. Large Company ETF has a one year low of $20.41 and a one year high of $29.37. The firm has a fifty day moving average price of $28.51 and a two-hundred day moving average price of $27.28. The stock has a market capitalization of $23.40 billion, a PE ratio of 17.86 and a beta of 0.93.

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.