Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 197,522 shares, a growth of 125.7% from the May 14th total of 87,501 shares. Based on an average daily trading volume, of 125,922 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.5% of the shares of the company are sold short.
Schwab Fundamental U.S. Broad Market ETF Price Performance
Shares of FNDB opened at $30.60 on Friday. The company has a market capitalization of $1.31 billion, a PE ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a one year low of $23.34 and a one year high of $30.67. The company’s fifty day moving average price is $29.31 and its 200 day moving average price is $28.04.
Hedge Funds Weigh In On Schwab Fundamental U.S. Broad Market ETF
A number of institutional investors have recently made changes to their positions in the business. Cowa LLC bought a new stake in Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter valued at approximately $2,591,000. Corient Private Wealth LLC increased its position in Schwab Fundamental U.S. Broad Market ETF by 185.5% in the 2nd quarter. Corient Private Wealth LLC now owns 140,592 shares of the company’s stock worth $3,350,000 after buying an additional 91,345 shares during the period. Susquehanna International Group LLP bought a new position in Schwab Fundamental U.S. Broad Market ETF in the 3rd quarter worth approximately $1,868,000. MML Investors Services LLC lifted its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 63.0% during the second quarter. MML Investors Services LLC now owns 145,641 shares of the company’s stock worth $3,492,000 after buying an additional 56,299 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the first quarter worth approximately $1,386,000.
About Schwab Fundamental U.S. Broad Market ETF
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.
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