Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) Sees Large Decrease in Short Interest

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 402,929 shares, a drop of 79.4% from the April 30th total of 1,955,014 shares. Based on an average trading volume of 1,865,081 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Schwab Fundamental International Equity ETF Stock Up 0.3%

Shares of FNDF traded up $0.17 during mid-day trading on Friday, hitting $54.38. The company had a trading volume of 1,583,172 shares, compared to its average volume of 1,714,547. The business’s 50-day simple moving average is $51.30 and its 200-day simple moving average is $48.71. Schwab Fundamental International Equity ETF has a 1-year low of $38.75 and a 1-year high of $54.68. The stock has a market cap of $24.30 billion, a PE ratio of 12.54 and a beta of 0.69.

Institutional Investors Weigh In On Schwab Fundamental International Equity ETF

Several hedge funds have recently modified their holdings of FNDF. Security Financial Services INC. raised its holdings in Schwab Fundamental International Equity ETF by 2.3% in the first quarter. Security Financial Services INC. now owns 12,465 shares of the company’s stock valued at $610,000 after buying an additional 279 shares during the period. Glenmede Trust Co. NA raised its holdings in Schwab Fundamental International Equity ETF by 6.7% in the first quarter. Glenmede Trust Co. NA now owns 39,001 shares of the company’s stock valued at $1,908,000 after buying an additional 2,439 shares during the period. Essential Partners LLC raised its holdings in Schwab Fundamental International Equity ETF by 23.0% in the first quarter. Essential Partners LLC now owns 75,579 shares of the company’s stock valued at $3,698,000 after buying an additional 14,155 shares during the period. J. Derek Lewis & Associates Inc. raised its holdings in Schwab Fundamental International Equity ETF by 2.0% in the first quarter. J. Derek Lewis & Associates Inc. now owns 12,501 shares of the company’s stock valued at $612,000 after buying an additional 244 shares during the period. Finally, January Capital Advisors LLC purchased a new position in Schwab Fundamental International Equity ETF in the first quarter valued at approximately $1,822,000.

About Schwab Fundamental International Equity ETF

The Schwab Fundamental International Large Company Index ETF (FNDF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large firms from developed markets ex-US. The fund selects and weights using fundamental factors. FNDF was launched on Aug 15, 2013 and is managed by Charles Schwab.