Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Sees Significant Drop in Short Interest

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 508,395 shares, a decline of 66.5% from the August 15th total of 1,519,271 shares. Based on an average daily trading volume, of 1,523,564 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Schwab Fundamental International Equity ETF Price Performance

Shares of FNDF stock traded up $0.52 during trading hours on Friday, reaching $55.83. 3,115,488 shares of the company were exchanged, compared to its average volume of 1,641,971. The stock’s fifty day moving average is $54.50 and its two-hundred day moving average is $52.66. Schwab Fundamental International Equity ETF has a fifty-two week low of $42.32 and a fifty-two week high of $56.47. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 12.54 and a beta of 0.71.

Hedge Funds Weigh In On Schwab Fundamental International Equity ETF

Several large investors have recently bought and sold shares of FNDF. Cahill Financial Advisors Inc. raised its position in shares of Schwab Fundamental International Equity ETF by 2.4% during the 2nd quarter. Cahill Financial Advisors Inc. now owns 297,892 shares of the company’s stock valued at $15,717,000 after acquiring an additional 7,019 shares during the last quarter. MCF Advisors LLC boosted its position in shares of Schwab Fundamental International Equity ETF by 6.3% in the 2nd quarter. MCF Advisors LLC now owns 6,893 shares of the company’s stock worth $364,000 after purchasing an additional 408 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Schwab Fundamental International Equity ETF by 4.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 50,707 shares of the company’s stock worth $2,675,000 after purchasing an additional 2,157 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Schwab Fundamental International Equity ETF by 38.2% during the 2nd quarter. NewEdge Advisors LLC now owns 247,052 shares of the company’s stock worth $13,034,000 after buying an additional 68,303 shares during the period. Finally, IFP Advisors Inc grew its holdings in Schwab Fundamental International Equity ETF by 4.7% during the second quarter. IFP Advisors Inc now owns 167,367 shares of the company’s stock valued at $8,830,000 after purchasing an additional 7,580 shares during the period.

About Schwab Fundamental International Equity ETF

The Schwab Fundamental International Large Company Index ETF (FNDF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large firms from developed markets ex-US. The fund selects and weights using fundamental factors. FNDF was launched on Aug 15, 2013 and is managed by Charles Schwab.