Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sees Large Decrease in Short Interest

by · The Markets Daily

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Get Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 406,471 shares, a decline of 61.6% from the July 15th total of 1,059,738 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,515,177 shares, the days-to-cover ratio is presently 0.2 days.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.1%

NYSEARCA:FNDX traded up $0.04 during trading hours on Friday, reaching $32.69. 1,499,419 shares of the company were exchanged, compared to its average volume of 4,820,295. The firm has a market cap of $27.60 billion, a PE ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a twelve month low of $25.18 and a twelve month high of $32.74. The stock’s 50-day moving average is $31.50 and its 200-day moving average is $29.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FNDX. Capital Investment Counsel LLC increased its stake in Schwab Fundamental U.S. Large Company ETF by 2.9% during the 1st quarter. Capital Investment Counsel LLC now owns 13,457 shares of the company’s stock worth $375,000 after buying an additional 381 shares in the last quarter. Howe & Rusling Inc. boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 1.4% in the fourth quarter. Howe & Rusling Inc. now owns 27,075 shares of the company’s stock worth $737,000 after acquiring an additional 381 shares during the last quarter. Godsey & Gibb Inc. boosted its stake in shares of Schwab Fundamental U.S. Large Company ETF by 6.2% in the fourth quarter. Godsey & Gibb Inc. now owns 6,793 shares of the company’s stock worth $185,000 after acquiring an additional 399 shares during the last quarter. Assetmark Inc. increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.7% during the fourth quarter. Assetmark Inc. now owns 15,453 shares of the company’s stock worth $420,000 after purchasing an additional 408 shares in the last quarter. Finally, Harbor Asset Planning Inc. increased its position in shares of Schwab Fundamental U.S. Large Company ETF by 0.6% during the fourth quarter. Harbor Asset Planning Inc. now owns 67,597 shares of the company’s stock worth $1,839,000 after purchasing an additional 423 shares in the last quarter.

About Schwab Fundamental U.S. Large Company ETF

(Get Free Report)

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.

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