Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) Sees Large Increase in Short Interest

Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 197,522 shares, an increase of 125.7% from the May 14th total of 87,501 shares. Based on an average daily volume of 125,922 shares, the short-interest ratio is presently 1.6 days. Approximately 0.5% of the company’s shares are sold short.

Schwab Fundamental U.S. Broad Market ETF Stock Up 1.0%

Shares of NYSEARCA:FNDB traded up $0.30 on Friday, hitting $30.60. The company had a trading volume of 126,553 shares, compared to its average volume of 150,291. The firm’s 50-day simple moving average is $29.31 and its two-hundred day simple moving average is $28.05. Schwab Fundamental U.S. Broad Market ETF has a 1 year low of $23.34 and a 1 year high of $30.67. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 17.81 and a beta of 0.88.

Institutional Investors Weigh In On Schwab Fundamental U.S. Broad Market ETF

Several institutional investors and hedge funds have recently modified their holdings of FNDB. Sunbelt Securities Inc. purchased a new position in Schwab Fundamental U.S. Broad Market ETF during the 3rd quarter valued at about $26,000. Geneos Wealth Management Inc. raised its holdings in 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 worth $64,000 after buying an additional 2,701 shares during the last quarter. Larson Financial Group LLC raised its holdings in 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 worth $79,000 after buying an additional 588 shares during the last quarter. Elevated Capital Advisors LLC purchased a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the fourth quarter valued at approximately $86,000. Finally, Ameritas Advisory Services LLC raised its holdings in shares of Schwab Fundamental U.S. Broad Market ETF by 348.2% during the third quarter. Ameritas Advisory Services LLC now owns 5,096 shares of the company’s stock valued at $131,000 after purchasing an additional 3,959 shares during the last quarter.

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.