Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Stock Short Interest Rises 62.0%

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,800,497 shares, an increase of 62.0% from the September 30th total of 1,111,275 shares. Based on an average trading volume of 2,044,448 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the company’s shares are sold short.

Hedge Funds Weigh In On Schwab Fundamental Emerging Markets Equity ETF

Several institutional investors have recently added to or reduced their stakes in 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 worth $25,000 after purchasing an additional 315 shares during the last quarter. Allen Capital Group LLC lifted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 0.4% in the first quarter. Allen Capital Group LLC now owns 95,989 shares of the company’s stock valued at $3,673,000 after purchasing an additional 348 shares in the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of Schwab Fundamental Emerging Markets Equity ETF by 2.6% in the third quarter. SteelPeak Wealth LLC now owns 13,605 shares of the company’s stock valued at $570,000 after purchasing an additional 348 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Schwab Fundamental Emerging Markets Equity ETF by 4.7% during the third quarter. Root Financial Partners LLC now owns 13,690 shares of the company’s stock valued at $573,000 after buying an additional 614 shares during the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new position in shares of Schwab Fundamental Emerging Markets Equity ETF during the third quarter valued at approximately $27,000.

Schwab Fundamental Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:FNDE opened at $40.35 on Tuesday. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 10.04 and a beta of 0.56. The business’s 50-day moving average is $42.18 and its 200-day moving average is $40.50. Schwab Fundamental Emerging Markets Equity ETF has a 1 year low of $34.99 and a 1 year high of $43.18.

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.