Schwab Fundamental International Equity ETF (NYSEARCA:FNDF – Get Free Report) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 1,519,271 shares, a decline of 34.6% from the July 30th total of 2,324,407 shares. Based on an average daily volume of 1,420,567 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the company’s stock are sold short.
Hedge Funds Weigh In On Schwab Fundamental International Equity ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNDF. Auto Owners Insurance Co grew its position in shares of Schwab Fundamental International Equity ETF by 5,991.6% in the fourth quarter. Auto Owners Insurance Co now owns 164,655,400 shares of the company’s stock valued at $7,444,071,000 after purchasing an additional 161,952,400 shares in the last quarter. Morgan Stanley raised its holdings in Schwab Fundamental International Equity ETF by 39.2% in the fourth quarter. Morgan Stanley now owns 8,650,706 shares of the company’s stock valued at $391,098,000 after acquiring an additional 2,435,053 shares in the last quarter. Bank of America Corp DE raised its stake in Schwab Fundamental International Equity ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 8,329,856 shares of the company’s stock valued at $407,580,000 after buying an additional 229,730 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Schwab Fundamental International Equity ETF by 1.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,040,807 shares of the company’s stock worth $259,513,000 after buying an additional 85,424 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Schwab Fundamental International Equity ETF by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,983,471 shares of the company’s stock worth $270,513,000 after buying an additional 68,387 shares during the last quarter.
Schwab Fundamental International Equity ETF Stock Up 0.4%
NYSEARCA:FNDF traded up $0.21 during trading hours on Wednesday, hitting $55.48. 141,920 shares of the stock traded hands, compared to its average volume of 1,593,513. The company has a market cap of $25.61 billion, a price-to-earnings ratio of 12.54 and a beta of 0.71. The stock has a 50 day moving average price of $53.97 and a 200 day moving average price of $52.40. Schwab Fundamental International Equity ETF has a 1 year low of $41.67 and a 1 year high of $55.97.
Schwab Fundamental International Equity ETF Company Profile
The Schwab Fundamental International Large Company Index ETF (FNDF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large firms from developed markets ex-US. The fund selects and weights using fundamental factors. FNDF was launched on Aug 15, 2013 and is managed by Charles Schwab.
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