Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) Shares Shorted: Short Interest Up 138.5% in October

Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 87,399 shares, a growth of 138.5% from the October 15th total of 36,652 shares. Based on an average trading volume of 242,560 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Schwab Fundamental U.S. Broad Market ETF Stock Up 0.2%

Shares of FNDB traded up $0.06 during midday trading on Friday, reaching $32.02. The company had a trading volume of 149,195 shares, compared to its average volume of 223,837. Schwab Fundamental U.S. Broad Market ETF has a 1-year low of $25.21 and a 1-year high of $32.46. The firm has a 50 day simple moving average of $31.45 and a 200-day simple moving average of $30.01. The stock has a market cap of $1.52 billion, a PE ratio of 18.56 and a beta of 0.88.

Institutional Investors Weigh In On Schwab Fundamental U.S. Broad Market ETF

A number of hedge funds have recently modified their holdings of the company. Blume Capital Management Inc. purchased a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the third quarter valued at about $31,000. Hantz Financial Services Inc. purchased a new position in Schwab Fundamental U.S. Broad Market ETF during the third quarter worth about $39,000. Sunbelt Securities Inc. raised its stake in Schwab Fundamental U.S. Broad Market ETF by 50.0% during the first quarter. Sunbelt Securities Inc. now owns 1,500 shares of the company’s stock worth $41,000 after purchasing an additional 500 shares during the period. Ashton Thomas Securities LLC purchased a new position in Schwab Fundamental U.S. Broad Market ETF during the third quarter worth about $48,000. Finally, Signaturefd LLC purchased a new position in Schwab Fundamental U.S. Broad Market ETF during the third quarter worth about $71,000.

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.