Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Sees Significant Drop in Short Interest

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,143,604 shares, a decrease of 43.7% from the August 15th total of 2,030,146 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 1,289,179 shares, the short-interest ratio is presently 0.9 days.

Schwab Fundamental Emerging Markets Equity ETF Stock Up 1.3%

NYSEARCA:FNDE traded up $0.54 during midday trading on Thursday, hitting $42.35. The stock had a trading volume of 1,657,645 shares, compared to its average volume of 1,160,970. The stock has a 50-day moving average of $41.48 and a 200 day moving average of $40.38. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 10.04 and a beta of 0.55. Schwab Fundamental Emerging Markets Equity ETF has a one year low of $34.69 and a one year high of $43.18.

Hedge Funds Weigh In On Schwab Fundamental Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FNDE. Bank of America Corp DE lifted its stake in Schwab Fundamental Emerging Markets Equity ETF by 29.8% in the first quarter. Bank of America Corp DE now owns 2,799,303 shares of the company’s stock worth $107,101,000 after acquiring an additional 641,952 shares during the period. Morningstar Investment Management LLC raised its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 3.3% in the 1st quarter. Morningstar Investment Management LLC now owns 723,788 shares of the company’s stock valued at $27,692,000 after purchasing an additional 22,898 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 54.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 670,554 shares of the company’s stock valued at $24,180,000 after purchasing an additional 235,950 shares in the last quarter. Johnson Bixby & Associates LLC lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 7.3% in the 1st quarter. Johnson Bixby & Associates LLC now owns 573,053 shares of the company’s stock worth $21,925,000 after purchasing an additional 39,120 shares during the period. Finally, Elgethun Capital Management lifted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 9.6% in the 4th quarter. Elgethun Capital Management now owns 536,745 shares of the company’s stock worth $19,355,000 after purchasing an additional 47,007 shares during the period.

Schwab Fundamental Emerging Markets Equity ETF Company Profile

The Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of emerging market stocks. Its selection and weighting are based on three fundamental factors: sales, cash flow, and dividends\u002Fbuybacks. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.