Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) Sees Significant Growth in Short Interest

Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,059,738 shares, an increase of 158.1% from the June 30th total of 410,576 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,592,968 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Schwab Fundamental U.S. Large Company ETF

Several hedge funds have recently added to or reduced their stakes in FNDX. Belpointe Asset Management LLC grew its holdings in Schwab Fundamental U.S. Large Company ETF by 3.1% during the fourth quarter. Belpointe Asset Management LLC now owns 1,345,095 shares of the company’s stock valued at $36,600,000 after purchasing an additional 40,963 shares during the period. BCS Wealth Management raised its holdings in Schwab Fundamental U.S. Large Company ETF by 163.4% in the fourth quarter. BCS Wealth Management now owns 469,554 shares of the company’s stock worth $12,777,000 after purchasing an additional 291,280 shares during the period. Williams Financial LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth $14,741,000. Millstone Evans Group LLC bought a new position in shares of Schwab Fundamental U.S. Large Company ETF during the fourth quarter worth $1,160,000. Finally, Csenge Advisory Group grew its holdings in shares of Schwab Fundamental U.S. Large Company ETF by 87.7% in the 4th quarter. Csenge Advisory Group now owns 76,281 shares of the company’s stock valued at $2,076,000 after buying an additional 35,646 shares during the period.

Schwab Fundamental U.S. Large Company ETF Trading Up 0.4%

Shares of NYSEARCA:FNDX traded up $0.12 during midday trading on Monday, hitting $31.64. The company had a trading volume of 2,092,963 shares, compared to its average volume of 5,060,216. Schwab Fundamental U.S. Large Company ETF has a 12 month low of $24.27 and a 12 month high of $31.78. The stock has a market cap of $26.63 billion, a price-to-earnings ratio of 17.86 and a beta of 0.87. The firm has a fifty day simple moving average of $31.10 and a 200 day simple moving average of $29.55.

About Schwab Fundamental U.S. Large Company ETF

The Schwab Fundamental U.S. Large Company Index ETF (FNDX) is an exchange-traded fund that is based on the Russell RAFI Large Company US index. The fund tracks a fundamentally selected and weighted Russell index based on sales, cash flow and dividends\u002Fbuybacks. FNDX was launched on Aug 15, 2013 and is managed by Charles Schwab.