Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,059,738 shares, an increase of 158.1% from the June 30th total of 410,576 shares. Based on an average daily trading volume, of 2,592,968 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.
Schwab Fundamental U.S. Large Company ETF Trading Up 0.4%
NYSEARCA FNDX traded up $0.12 on Monday, hitting $31.64. 2,092,963 shares of the company were exchanged, compared to its average volume of 5,060,216. The firm has a 50 day moving average of $31.10 and a two-hundred day moving average of $29.55. The company has a market cap of $26.63 billion, a P/E ratio of 17.86 and a beta of 0.87. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $24.27 and a 1-year high of $31.78.
Institutional Trading of Schwab Fundamental U.S. Large Company ETF
A number of hedge funds and other institutional investors have recently modified their holdings of FNDX. Revolve Wealth Partners LLC acquired a new position in Schwab Fundamental U.S. Large Company ETF during the 4th quarter worth $719,000. AQR Capital Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 1st quarter valued at $739,000. Jane Street Group LLC raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 39.9% during the first quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock worth $2,090,000 after acquiring an additional 25,267 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 2.5% during the second quarter. Baird Financial Group Inc. now owns 26,919 shares of the company’s stock worth $661,000 after acquiring an additional 645 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Schwab Fundamental U.S. Large Company ETF by 6,798.4% during the second quarter. Qube Research & Technologies Ltd now owns 17,039 shares of the company’s stock worth $418,000 after acquiring an additional 16,792 shares during 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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