Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) Sees Large Decline in Short Interest

Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 87,348 shares, a decline of 55.8% from the May 31st total of 197,522 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 146,768 shares, the days-to-cover ratio is presently 0.6 days.

Schwab Fundamental U.S. Broad Market ETF Stock Down 0.0%

Shares of NYSEARCA:FNDB traded down $0.01 during trading on Tuesday, reaching $30.46. The stock had a trading volume of 156,121 shares, compared to its average volume of 151,781. The stock has a market cap of $1.30 billion, a P/E ratio of 17.81 and a beta of 0.88. The business has a fifty day moving average price of $29.89 and a 200-day moving average price of $28.38. Schwab Fundamental U.S. Broad Market ETF has a fifty-two week low of $23.72 and a fifty-two week high of $30.86.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in shares of Schwab Fundamental U.S. Broad Market ETF by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 85,970 shares of the company’s stock valued at $1,978,000 after purchasing an additional 6,585 shares during the period. Jane Street Group LLC acquired a new stake in Schwab Fundamental U.S. Broad Market ETF in the 1st quarter worth about $1,163,000. Geneos Wealth Management Inc. grew its holdings in Schwab Fundamental U.S. Broad Market ETF by 3,140.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock valued at $64,000 after buying an additional 2,701 shares during the period. Cetera Investment Advisers grew its holdings in Schwab Fundamental U.S. Broad Market ETF by 60.9% in the 2nd quarter. Cetera Investment Advisers now owns 26,110 shares of the company’s stock valued at $626,000 after buying an additional 9,882 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 11.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 61,525 shares of the company’s stock valued at $1,475,000 after acquiring an additional 6,180 shares during the last quarter.

About Schwab Fundamental U.S. Broad Market ETF

The Schwab Fundamental U.S. Broad Market Index ETF (FNDB) is an exchange-traded fund that is based on the Russell RAFI US index. The fund tracks a US equity index, selected and weighted based on three fundamental factors (sales, cash flow and dividends\u002Fbuybacks). FNDB was launched on Aug 8, 2013 and is managed by Charles Schwab.