Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Short Interest Up 36.4% in January

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 4,026,059 shares, a growth of 36.4% from the December 31st total of 2,952,500 shares. Based on an average daily volume of 5,265,890 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 5,265,890 shares, the short-interest ratio is presently 0.8 days.

Schwab Fundamental U.S. Large Company ETF Stock Down 0.1%

FNDX traded down $0.02 during trading hours on Friday, hitting $28.38. 5,819,792 shares of the company’s stock were exchanged, compared to its average volume of 5,276,459. The stock has a market cap of $23.45 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93. Schwab Fundamental U.S. Large Company ETF has a 1-year low of $20.41 and a 1-year high of $28.52. The stock’s 50-day moving average is $27.59 and its two-hundred day moving average is $26.48.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP grew its holdings in Schwab Fundamental U.S. Large Company ETF by 12.5% in the 2nd quarter. Allworth Financial LP now owns 173,319 shares of the company’s stock valued at $4,253,000 after buying an additional 19,215 shares in the last quarter. Assetmark Inc. boosted its position in shares of Schwab Fundamental U.S. Large Company ETF by 269.0% in the second quarter. Assetmark Inc. now owns 15,350 shares of the company’s stock valued at $377,000 after acquiring an additional 11,190 shares during the period. Blueprint Financial Advisors LLC acquired a new position in shares of Schwab Fundamental U.S. Large Company ETF in the second quarter valued at about $4,739,000. Boyce & Associates Wealth Consulting Inc. increased its position in Schwab Fundamental U.S. Large Company ETF by 23.8% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 224,918 shares of the company’s stock worth $5,915,000 after acquiring an additional 43,207 shares during the period. Finally, BCS Wealth Management raised its stake in Schwab Fundamental U.S. Large Company ETF by 22.2% in the 3rd quarter. BCS Wealth Management now owns 178,274 shares of the company’s stock worth $4,689,000 after purchasing an additional 32,377 shares in the last quarter.

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.