Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Get Free Report) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,063,838 shares, a decline of 54.8% from the May 14th total of 2,352,627 shares. Based on an average daily volume of 2,971,867 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.
Schwab Fundamental U.S. Large Company ETF Price Performance
Schwab Fundamental U.S. Large Company ETF stock traded up $0.13 during midday trading on Monday, hitting $31.43. The company’s stock had a trading volume of 2,207,944 shares, compared to its average volume of 5,690,530. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $23.89 and a 1-year high of $31.55. The company has a 50-day moving average price of $30.07 and a two-hundred day moving average price of $28.74. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87.
Institutional Trading of Schwab Fundamental U.S. Large Company ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in Schwab Fundamental U.S. Large Company ETF by 96.9% in the 1st quarter. NewEdge Advisors LLC now owns 173,489 shares of the company’s stock worth $4,832,000 after purchasing an additional 85,371 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its stake in Schwab Fundamental U.S. Large Company ETF by 16.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 15,772 shares of the company’s stock worth $439,000 after purchasing an additional 2,200 shares in the last quarter. Summitry LLC raised its stake in Schwab Fundamental U.S. Large Company ETF by 10.1% in the 1st quarter. Summitry LLC now owns 11,165 shares of the company’s stock worth $311,000 after purchasing an additional 1,023 shares in the last quarter. Western Wealth Management LLC raised its stake in Schwab Fundamental U.S. Large Company ETF by 172.9% in the 1st quarter. Western Wealth Management LLC now owns 121,637 shares of the company’s stock worth $3,388,000 after purchasing an additional 77,067 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Schwab Fundamental U.S. Large Company ETF by 0.4% in the 1st quarter. Bank of America Corp DE now owns 3,144,222 shares of the company’s stock worth $87,567,000 after purchasing an additional 13,371 shares in the last quarter.
Schwab Fundamental U.S. Large Company ETF Company Profile
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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