Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Short Interest Up 36.4% in January

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 4,026,059 shares, an increase of 36.4% from the December 31st total of 2,952,500 shares. Based on an average trading volume of 5,265,890 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 5,265,890 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Nicholas Hoffman & Company LLC. boosted its stake in Schwab Fundamental U.S. Large Company ETF by 3.0% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 425,765 shares of the company’s stock valued at $11,585,000 after acquiring an additional 12,371 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter valued at about $1,160,000. QRG Capital Management Inc. lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 8.4% in the 4th quarter. QRG Capital Management Inc. now owns 184,800 shares of the company’s stock valued at $5,028,000 after purchasing an additional 14,387 shares during the last quarter. Williams Financial LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter valued at about $14,741,000. Finally, Truist Financial Corp grew its stake in Schwab Fundamental U.S. Large Company ETF by 15.7% during the 4th quarter. Truist Financial Corp now owns 93,504 shares of the company’s stock worth $2,544,000 after buying an additional 12,707 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.8%

FNDX stock traded up $0.24 during trading on Monday, hitting $28.62. 4,416,871 shares of the company’s stock were exchanged, compared to its average volume of 5,235,527. The business has a 50-day moving average price of $27.63 and a two-hundred day moving average price of $26.52. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. Schwab Fundamental U.S. Large Company ETF has a 52-week low of $20.41 and a 52-week high of $28.66.

About Schwab Fundamental U.S. Large Company ETF

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.