Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Short Interest Update

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,063,838 shares, a drop of 54.8% from the May 14th total of 2,352,627 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,971,867 shares, the days-to-cover ratio is presently 0.4 days.

Schwab Fundamental U.S. Large Company ETF Stock Performance

Schwab Fundamental U.S. Large Company ETF stock traded up $0.28 during midday trading on Friday, reaching $31.30. 3,850,648 shares of the company were exchanged, compared to its average volume of 5,721,622. The company has a market capitalization of $26.96 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. The firm’s 50-day simple moving average is $30.00 and its 200-day simple moving average is $28.69. Schwab Fundamental U.S. Large Company ETF has a 1 year low of $23.89 and a 1 year high of $31.38.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 96.9% in the 1st quarter. NewEdge Advisors LLC now owns 173,489 shares of the company’s stock worth $4,832,000 after buying an additional 85,371 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 16.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 15,772 shares of the company’s stock worth $439,000 after buying an additional 2,200 shares during the last quarter. Summitry LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 10.1% in the 1st quarter. Summitry LLC now owns 11,165 shares of the company’s stock worth $311,000 after buying an additional 1,023 shares during the last quarter. Western Wealth Management LLC boosted its stake in Schwab Fundamental U.S. Large Company ETF by 172.9% in the 1st quarter. Western Wealth Management LLC now owns 121,637 shares of the company’s stock worth $3,388,000 after buying an additional 77,067 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Schwab Fundamental U.S. Large Company ETF by 0.4% in the 1st quarter. Bank of America Corp DE now owns 3,144,222 shares of the company’s stock worth $87,567,000 after buying an additional 13,371 shares during the last quarter.

About Schwab Fundamental U.S. Large Company ETF

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.