Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Shares Shorted: Short Interest Up 81.0% in October

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 2,191,110 shares, an increase of 81.0% from the September 30th total of 1,210,870 shares. Based on an average daily trading volume, of 2,123,591 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Schwab Fundamental International Equity ETF Stock Down 0.6%

FNDF stock traded down $0.35 during trading on Friday, reaching $53.89. The company’s stock had a trading volume of 1,047,864 shares, compared to its average volume of 1,659,612. Schwab Fundamental International Equity ETF has a 1 year low of $42.96 and a 1 year high of $56.47. The company has a market capitalization of $25.74 billion, a P/E ratio of 12.54 and a beta of 0.72. The company’s fifty day moving average is $54.63 and its 200-day moving average is $52.44.

Hedge Funds Weigh In On Schwab Fundamental International Equity ETF

A number of hedge funds have recently made changes to their positions in the business. Chicago Partners Investment Group LLC purchased a new stake in Schwab Fundamental International Equity ETF during the 3rd quarter valued at approximately $597,000. Basso Capital Management L.P. purchased a new position in Schwab Fundamental International Equity ETF during the third quarter valued at $3,495,000. Team Financial Group LLC purchased a new stake in Schwab Fundamental International Equity ETF in the 3rd quarter worth $48,000. Lunt Capital Management Inc. lifted its stake in Schwab Fundamental International Equity ETF by 1.6% in the 3rd quarter. Lunt Capital Management Inc. now owns 85,007 shares of the company’s stock worth $4,569,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new position in shares of Schwab Fundamental International Equity ETF during the third quarter valued at about $2,272,000.

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.