Short Interest in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Declines By 43.7%

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 1,143,604 shares, a drop of 43.7% from the August 15th total of 2,030,146 shares. Based on an average trading volume of 1,289,179 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are short sold.

Schwab Fundamental Emerging Markets Equity ETF Stock Down 0.6%

FNDE stock traded down $0.24 during mid-day trading on Wednesday, reaching $41.81. 1,775,751 shares of the company traded hands, compared to its average volume of 1,158,165. The firm’s 50 day moving average price is $41.48 and its 200 day moving average price is $40.38. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 10.04 and a beta of 0.55. Schwab Fundamental Emerging Markets Equity ETF has a fifty-two week low of $34.69 and a fifty-two week high of $43.18.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FNDE. Cahill Financial Advisors Inc. grew its holdings in Schwab Fundamental Emerging Markets Equity ETF by 3.6% during the second quarter. Cahill Financial Advisors Inc. now owns 52,940 shares of the company’s stock worth $2,101,000 after buying an additional 1,843 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Schwab Fundamental Emerging Markets Equity ETF during the 2nd quarter valued at $5,119,000. NewEdge Advisors LLC lifted its stake in Schwab Fundamental Emerging Markets Equity ETF by 126.8% during the 2nd quarter. NewEdge Advisors LLC now owns 21,880 shares of the company’s stock valued at $868,000 after acquiring an additional 12,234 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 2.8% during the 2nd quarter. Baird Financial Group Inc. now owns 108,805 shares of the company’s stock worth $4,317,000 after acquiring an additional 2,916 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 7.4% during the 2nd quarter. Allworth Financial LP now owns 12,879 shares of the company’s stock worth $511,000 after acquiring an additional 884 shares during the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Company Profile

The Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of emerging market stocks. Its selection and weighting are based on three fundamental factors: sales, cash flow, and dividends\u002Fbuybacks. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.