Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Short Interest Down 54.8% in May

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) saw a large decline in short interest in the month of 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 trading volume of 2,971,867 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at about $719,000. AQR Capital Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the first quarter valued at about $739,000. Jane Street Group LLC raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 39.9% in the first quarter. Jane Street Group LLC now owns 88,523 shares of the company’s stock valued at $2,090,000 after purchasing an additional 25,267 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 2.5% in the second quarter. Baird Financial Group Inc. now owns 26,919 shares of the company’s stock valued at $661,000 after purchasing an additional 645 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 6,798.4% in the second quarter. Qube Research & Technologies Ltd now owns 17,039 shares of the company’s stock valued at $418,000 after purchasing an additional 16,792 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Price Performance

Shares of Schwab Fundamental U.S. Large Company ETF stock traded up $0.13 during trading on Monday, reaching $31.43. 2,207,944 shares of the company traded hands, compared to its average volume of 5,690,530. The company has a 50 day moving average price of $30.07 and a 200-day moving average price of $28.74. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $23.89 and a 1-year high of $31.55. The firm has a market capitalization of $27.07 billion, a PE ratio of 17.86 and a beta of 0.87.

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.