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

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

Schwab Fundamental International Equity ETF Trading Up 0.4%

Shares of NYSEARCA FNDF traded up $0.20 on Friday, reaching $54.41. 1,512,594 shares of the company traded hands, compared to its average volume of 1,712,765. The stock has a market capitalization of $24.31 billion, a PE ratio of 12.54 and a beta of 0.69. The company has a 50 day moving average of $51.18 and a 200 day moving average of $48.67. Schwab Fundamental International Equity ETF has a fifty-two week low of $38.75 and a fifty-two week high of $54.68.

Hedge Funds Weigh In On Schwab Fundamental International Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of FNDF. Financial Life Planners purchased a new position in shares of Schwab Fundamental International Equity ETF in the 1st quarter valued at $25,000. Navalign LLC purchased a new position in Schwab Fundamental International Equity ETF in the fourth quarter valued at about $26,000. Golden State Wealth Management LLC raised its position in 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 period. JPL Wealth Management LLC acquired a new position in shares of Schwab Fundamental International Equity ETF during the third quarter worth about $26,000. Finally, Rialto Wealth Management LLC boosted its position in shares of Schwab Fundamental International Equity ETF by 95.6% in the fourth quarter. Rialto Wealth Management LLC now owns 628 shares of the company’s stock worth $28,000 after buying an additional 307 shares during the period.

Schwab Fundamental International Equity ETF Company Profile

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.