Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Sees Large Growth in Short Interest

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,182,799 shares, a growth of 66.3% from the March 31st total of 1,312,818 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,254,164 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On Schwab Fundamental International Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. increased its holdings in Schwab Fundamental International Equity ETF by 13.8% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 183,059 shares of the company’s stock valued at $7,864,000 after purchasing an additional 22,178 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Schwab Fundamental International Equity ETF by 3.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 713,497 shares of the company’s stock valued at $32,257,000 after buying an additional 26,369 shares during the period. Capital Advantage Inc. increased its stake in shares of Schwab Fundamental International Equity ETF by 1.2% in the 3rd quarter. Capital Advantage Inc. now owns 1,061,452 shares of the company’s stock valued at $45,600,000 after buying an additional 12,241 shares during the period. Boyce & Associates Wealth Consulting Inc. acquired a new stake in shares of Schwab Fundamental International Equity ETF in the 3rd quarter valued at $781,000. Finally, Arlington Financial Advisors LLC increased its stake in shares of Schwab Fundamental International Equity ETF by 2.2% in the 4th quarter. Arlington Financial Advisors LLC now owns 808,487 shares of the company’s stock valued at $36,552,000 after buying an additional 17,236 shares during the period.

Schwab Fundamental International Equity ETF Price Performance

Shares of Schwab Fundamental International Equity ETF stock traded down $0.11 during midday trading on Wednesday, hitting $50.82. 119,072 shares of the company were exchanged, compared to its average volume of 1,723,644. The firm has a market cap of $22.64 billion, a P/E ratio of 12.54 and a beta of 0.70. Schwab Fundamental International Equity ETF has a 52 week low of $36.85 and a 52 week high of $52.94. The firm has a 50 day simple moving average of $50.12 and a 200-day simple moving average of $47.37.

Schwab Fundamental International Equity ETF Company Profile

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.