Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sees Significant Drop in Short Interest

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 3,083,481 shares, a decrease of 23.4% from the January 15th total of 4,026,059 shares. Based on an average trading volume of 5,287,144 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 5,287,144 shares, the short-interest ratio is currently 0.6 days.

Schwab Fundamental U.S. Large Company ETF Stock Performance

Shares of FNDX traded up $0.13 on Monday, reaching $28.92. The stock had a trading volume of 7,714,417 shares, compared to its average volume of 5,635,230. The firm has a market capitalization of $23.96 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. The company has a 50-day simple moving average of $27.99 and a 200-day simple moving average of $26.80. Schwab Fundamental U.S. Large Company ETF has a 12-month low of $20.41 and a 12-month high of $29.37.

Institutional Trading of Schwab Fundamental U.S. Large Company ETF

A number of hedge funds have recently modified their holdings of FNDX. Revolve Wealth Partners LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF in the 4th quarter worth about $719,000. AQR Capital Management LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the first quarter valued at approximately $739,000. Jane Street Group LLC increased its stake in shares of Schwab Fundamental U.S. Large Company ETF by 39.9% during 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 in the last quarter. US Bancorp DE lifted its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 12.7% during the second quarter. US Bancorp DE now owns 26,349 shares of the company’s stock valued at $647,000 after purchasing an additional 2,979 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 70.7% in the 2nd quarter. CWM LLC now owns 62,177 shares of the company’s stock worth $1,526,000 after purchasing an additional 25,748 shares in the last quarter.

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.