Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB – Get Free Report) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 52,703 shares, a drop of 32.3% from the July 30th total of 77,815 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 230,833 shares, the days-to-cover ratio is currently 0.2 days.
Schwab Fundamental U.S. Broad Market ETF Price Performance
Shares of NYSEARCA:FNDB traded down $0.09 during trading on Tuesday, reaching $31.47. The stock had a trading volume of 999,385 shares, compared to its average volume of 187,925. The stock has a market capitalization of $1.45 billion, a PE ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a 52 week low of $24.92 and a 52 week high of $32.03. The business’s 50-day moving average price is $31.09 and its 200 day moving average price is $29.58.
Institutional Investors Weigh In On Schwab Fundamental U.S. Broad Market ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new position in shares of Schwab Fundamental U.S. Broad Market ETF in the third quarter worth about $26,000. Geneos Wealth Management Inc. increased its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 3,140.7% in the first 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 increased its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 23.5% in the third quarter. Larson Financial Group LLC now owns 3,088 shares of the company’s stock valued at $79,000 after purchasing an additional 588 shares in the last quarter. Composition Wealth LLC acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the fourth quarter valued at approximately $227,000. Finally, Mercer Global Advisors Inc. ADV raised its position in Schwab Fundamental U.S. Broad Market ETF by 7.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,516 shares of the company’s stock worth $245,000 after purchasing an additional 640 shares during the last quarter.
Schwab Fundamental U.S. Broad Market ETF Company Profile
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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