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

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,090,723 shares, a growth of 114.5% from the August 31st total of 508,395 shares. Based on an average trading volume of 2,432,840 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Schwab Fundamental International Equity ETF Stock Down 0.8%

Shares of NYSEARCA FNDF traded down $0.41 on Tuesday, reaching $54.14. 2,721,962 shares of the company’s stock traded hands, compared to its average volume of 1,654,462. Schwab Fundamental International Equity ETF has a 12 month low of $42.32 and a 12 month high of $56.47. The business’s 50 day simple moving average is $54.95 and its two-hundred day simple moving average is $52.98. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 12.54 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Schwab Fundamental International Equity ETF by 5.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 246,517 shares of the company’s stock valued at $13,006,000 after purchasing an additional 13,299 shares during the last quarter. Security National Bank of SO Dak increased its holdings in Schwab Fundamental International Equity ETF by 20.4% during the second quarter. Security National Bank of SO Dak now owns 8,899 shares of the company’s stock valued at $470,000 after buying an additional 1,505 shares during the last quarter. Security National Bank of Sioux City Iowa IA lifted its position in Schwab Fundamental International Equity ETF by 59.8% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 21,399 shares of the company’s stock valued at $1,129,000 after purchasing an additional 8,009 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of Schwab Fundamental International Equity ETF by 27.1% during the 2nd quarter. Anchor Investment Management LLC now owns 3,761 shares of the company’s stock valued at $198,000 after acquiring an additional 801 shares during the period. Finally, Cherry Tree Wealth Management LLC increased its stake in shares of Schwab Fundamental International Equity ETF by 0.5% in the second quarter. Cherry Tree Wealth Management LLC now owns 223,333 shares of the company’s stock worth $11,783,000 after purchasing an additional 1,129 shares in the last quarter.

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.