Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 87,348 shares, a decline of 55.8% from the May 31st total of 197,522 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 146,768 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Investors Weigh In On Schwab Fundamental U.S. Broad Market ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 185.5% in the second quarter. Corient Private Wealth LLC now owns 140,592 shares of the company’s stock valued at $3,350,000 after acquiring an additional 91,345 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Schwab Fundamental U.S. Broad Market ETF during the third quarter worth $1,868,000. MML Investors Services LLC boosted its position in Schwab Fundamental U.S. Broad Market ETF by 63.0% in the second 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 during the last quarter. Quantinno Capital Management LP purchased a new position in Schwab Fundamental U.S. Broad Market ETF in the first quarter worth $1,386,000. Finally, Jane Street Group LLC bought a new position in Schwab Fundamental U.S. Broad Market ETF in the 1st quarter valued at $1,163,000.
Schwab Fundamental U.S. Broad Market ETF Price Performance
Shares of NYSEARCA FNDB traded up $0.03 during trading on Wednesday, hitting $30.49. The stock had a trading volume of 239,704 shares, compared to its average volume of 152,390. The firm has a fifty day moving average of $29.89 and a two-hundred day moving average of $28.38. The company has a market capitalization of $1.30 billion, a PE ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a 12 month low of $23.72 and a 12 month high of $30.86.
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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