Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 3,442,526 shares, a growth of 91.2% from the October 15th total of 1,800,497 shares. Based on an average daily trading volume, of 2,557,469 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.4% of the shares of the company are sold short.
Institutional Investors Weigh In On Schwab Fundamental Emerging Markets Equity ETF
A number of hedge funds have recently bought and sold shares of FNDE. Atomic Invest LLC raised its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 101.9% in the second quarter. Atomic Invest LLC now owns 624 shares of the company’s stock valued at $25,000 after acquiring an additional 315 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.4% in the 1st quarter. Allen Capital Group LLC now owns 95,989 shares of the company’s stock worth $3,673,000 after acquiring an additional 348 shares in the last quarter. SteelPeak Wealth LLC grew its position in Schwab Fundamental Emerging Markets Equity ETF by 2.6% during the 3rd quarter. SteelPeak Wealth LLC now owns 13,605 shares of the company’s stock worth $570,000 after acquiring an additional 348 shares during the last quarter. Ieq Capital LLC grew its position in Schwab Fundamental Emerging Markets Equity ETF by 2.2% during the 3rd quarter. Ieq Capital LLC now owns 24,202 shares of the company’s stock worth $1,013,000 after acquiring an additional 515 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in Schwab Fundamental Emerging Markets Equity ETF by 4.7% during the 3rd quarter. Root Financial Partners LLC now owns 13,690 shares of the company’s stock worth $573,000 after acquiring an additional 614 shares during the last quarter.
Schwab Fundamental Emerging Markets Equity ETF Price Performance
NYSEARCA:FNDE traded up $0.09 during midday trading on Friday, reaching $40.34. The stock had a trading volume of 1,102,620 shares, compared to its average volume of 1,342,147. The stock has a market capitalization of $10.01 billion, a P/E ratio of 10.54 and a beta of 0.59. Schwab Fundamental Emerging Markets Equity ETF has a 1-year low of $34.99 and a 1-year high of $43.18. The firm’s fifty day simple moving average is $41.86 and its 200-day simple moving average is $40.59.
About Schwab Fundamental Emerging Markets Equity ETF
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.
See Also
- Five stocks we like better than Schwab Fundamental Emerging Markets Equity ETF
- Intuitive Machines’ Business Is Taking Off—Will Its Stock Follow?
- The Next Big Thing May Not Be One Thing: Inside Lazard’s Megatrends ETF
- 3 Power and Grid Stocks That Could Keep Growing Even if AI Spending Slows
- Applied Materials Beats and Raises, But Investors Stay Unconvinced
Receive News & Ratings for Schwab Fundamental Emerging Markets Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab Fundamental Emerging Markets Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
