Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) Short Interest Up 125.7% in May

Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 197,522 shares, an increase of 125.7% from the May 14th total of 87,501 shares. Based on an average trading volume of 125,922 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FNDB. Cowa LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter valued at about $2,591,000. Corient Private Wealth LLC increased its position in Schwab Fundamental U.S. Broad Market ETF by 185.5% during the 2nd quarter. Corient Private Wealth LLC now owns 140,592 shares of the company’s stock worth $3,350,000 after purchasing an additional 91,345 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter worth approximately $1,868,000. MML Investors Services LLC increased its position in Schwab Fundamental U.S. Broad Market ETF by 63.0% during the 2nd quarter. MML Investors Services LLC now owns 145,641 shares of the company’s stock worth $3,492,000 after purchasing an additional 56,299 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Schwab Fundamental U.S. Broad Market ETF during the 1st quarter worth approximately $1,386,000.

Schwab Fundamental U.S. Broad Market ETF Price Performance

NYSEARCA FNDB opened at $30.60 on Monday. Schwab Fundamental U.S. Broad Market ETF has a 12 month low of $23.34 and a 12 month high of $30.67. The company has a 50-day moving average of $29.31 and a 200-day moving average of $28.05. The company has a market cap of $1.31 billion, a P/E ratio of 17.81 and a beta of 0.88.

Schwab Fundamental U.S. Broad Market ETF Company Profile

The Schwab Fundamental U.S. Broad Market Index ETF (FNDB) is an exchange-traded fund that is based on the Russell RAFI US index. The fund tracks a US equity index, selected and weighted based on three fundamental factors (sales, cash flow and dividends\u002Fbuybacks). FNDB was launched on Aug 8, 2013 and is managed by Charles Schwab.