Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 77,815 shares, a decline of 45.9% from the July 15th total of 143,787 shares. Based on an average daily trading volume, of 184,492 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.
Institutional Investors Weigh In On Schwab Fundamental U.S. Broad Market ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in shares of Schwab Fundamental U.S. Broad Market ETF in the 3rd quarter worth $26,000. Geneos Wealth Management Inc. increased its stake in Schwab Fundamental U.S. Broad Market ETF by 3,140.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock valued at $64,000 after purchasing an additional 2,701 shares in the last quarter. Larson Financial Group LLC raised its holdings in Schwab Fundamental U.S. Broad Market ETF by 23.5% during the third quarter. Larson Financial Group LLC now owns 3,088 shares of the company’s stock worth $79,000 after buying an additional 588 shares during the last quarter. Elevated Capital Advisors LLC acquired a new position in Schwab Fundamental U.S. Broad Market ETF during the fourth quarter worth $86,000. Finally, Composition Wealth LLC bought a new position in shares of Schwab Fundamental U.S. Broad Market ETF in the fourth quarter valued at $227,000.
Schwab Fundamental U.S. Broad Market ETF Stock Performance
FNDB stock opened at $31.66 on Wednesday. The stock’s 50 day simple moving average is $30.86 and its 200 day simple moving average is $29.36. Schwab Fundamental U.S. Broad Market ETF has a fifty-two week low of $24.63 and a fifty-two week high of $31.97. The company has a market cap of $1.46 billion, a P/E ratio of 17.81 and a beta of 0.88.
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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