Short Interest in Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Grows By 69.9%

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 690,598 shares, a growth of 69.9% from the July 30th total of 406,471 shares. Based on an average daily trading volume, of 2,205,147 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Schwab Fundamental U.S. Large Company ETF Trading Down 0.2%

Shares of Schwab Fundamental U.S. Large Company ETF stock traded down $0.06 during trading hours on Tuesday, reaching $32.32. 2,411,644 shares of the company’s stock were exchanged, compared to its average volume of 4,636,930. The stock has a market cap of $27.28 billion, a P/E ratio of 17.86 and a beta of 0.87. The company has a 50 day moving average of $31.82 and a two-hundred day moving average of $30.28. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $25.43 and a fifty-two week high of $32.85.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Keenan LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth approximately $27,000. Resources Management Corp CT ADV acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter valued at approximately $27,000. Ascentis Independent Advisors bought a new position in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter valued at $28,000. Valued Wealth Advisors LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter valued at $30,000. Finally, Signature Resources Capital Management LLC increased its holdings in Schwab Fundamental U.S. Large Company ETF by 161.1% during the first quarter. Signature Resources Capital Management LLC now owns 1,316 shares of the company’s stock worth $37,000 after buying an additional 812 shares during the last quarter.

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.