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

Schwab Fundamental International Equity ETF (NYSEARCA:FNDF) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 1,519,271 shares, a drop of 34.6% from the July 30th total of 2,324,407 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 1,420,567 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Schwab Fundamental International Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in Schwab Fundamental International Equity ETF during the first quarter worth approximately $25,000. Navalign LLC bought a new stake in Schwab Fundamental International Equity ETF in the 4th quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in Schwab Fundamental International Equity ETF during the 3rd quarter valued at $26,000. Golden State Wealth Management LLC increased its holdings in shares of Schwab Fundamental International Equity ETF by 76.5% in the fourth quarter. Golden State Wealth Management LLC now owns 607 shares of the company’s stock valued at $27,000 after purchasing an additional 263 shares during the last quarter. Finally, TD Capital Management LLC acquired a new stake in shares of Schwab Fundamental International Equity ETF during the 4th quarter worth about $36,000.

Schwab Fundamental International Equity ETF Stock Down 0.5%

FNDF traded down $0.30 during trading hours on Tuesday, hitting $55.27. 2,241,170 shares of the company’s stock were exchanged, compared to its average volume of 1,602,353. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of 12.54 and a beta of 0.71. Schwab Fundamental International Equity ETF has a 1-year low of $41.48 and a 1-year high of $55.97. The stock’s 50-day moving average is $53.92 and its two-hundred day moving average is $52.38.

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.