Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Short Interest Down 68.3% in August

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,030,146 shares, a decline of 68.3% from the July 30th total of 6,406,549 shares. Based on an average trading volume of 889,764 shares, the short-interest ratio is presently 2.3 days. Currently, 0.9% of the company’s shares are sold short.

Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNDE. Delta Asset Management LLC TN bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the fourth quarter worth about $25,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter valued at about $29,000. NBC Securities Inc. acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 4th quarter valued at approximately $32,000. Allied Private Wealth LLC acquired a new stake in shares of Schwab Fundamental Emerging Markets Equity ETF in the 2nd quarter valued at approximately $38,000. Finally, Russell Investments Group Ltd. boosted its stake in Schwab Fundamental Emerging Markets Equity ETF by 217.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,040 shares of the company’s stock worth $38,000 after acquiring an additional 712 shares during the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Stock Performance

Shares of Schwab Fundamental Emerging Markets Equity ETF stock opened at $41.91 on Thursday. The firm has a fifty day moving average of $40.71 and a two-hundred day moving average of $40.11. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 10.04 and a beta of 0.56. Schwab Fundamental Emerging Markets Equity ETF has a 52 week low of $34.07 and a 52 week high of $42.43.

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.