Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Short Interest Update

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 2,665,684 shares, a drop of 13.1% from the February 12th total of 3,068,083 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 7,162,125 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 7,162,125 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in shares of Schwab Fundamental U.S. Large Company ETF by 50.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 28,795 shares of the company’s stock worth $784,000 after purchasing an additional 9,645 shares during the last quarter. World Investment Advisors purchased a new position in Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at $331,000. Nalls Sherbakoff Group LLC purchased a new position in Schwab Fundamental U.S. Large Company ETF in the fourth quarter valued at $878,000. Corient Private Wealth LLC raised its stake in Schwab Fundamental U.S. Large Company ETF by 11.9% in the fourth quarter. Corient Private Wealth LLC now owns 1,008,945 shares of the company’s stock valued at $27,454,000 after buying an additional 106,965 shares in the last quarter. Finally, Mengis Capital Management Inc. lifted its holdings in Schwab Fundamental U.S. Large Company ETF by 5.5% during the 4th quarter. Mengis Capital Management Inc. now owns 23,604 shares of the company’s stock worth $642,000 after buying an additional 1,232 shares during the last quarter.

Schwab Fundamental U.S. Large Company ETF Stock Performance

FNDX stock opened at $27.84 on Thursday. The company’s 50 day moving average price is $28.52 and its 200 day moving average price is $27.30. Schwab Fundamental U.S. Large Company ETF has a fifty-two week low of $20.41 and a fifty-two week high of $29.37. The firm has a market capitalization of $23.07 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93.

Schwab Fundamental U.S. Large Company ETF Company Profile

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.