Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) Short Interest Update

Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 87,348 shares, a decline of 55.8% from the May 31st total of 197,522 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 146,768 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of Schwab Fundamental U.S. Broad Market ETF by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 85,970 shares of the company’s stock worth $1,978,000 after acquiring an additional 6,585 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Schwab Fundamental U.S. Broad Market ETF during the 1st quarter valued at $1,163,000. Geneos Wealth Management Inc. boosted its position in Schwab Fundamental U.S. Broad Market ETF by 3,140.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,787 shares of the company’s stock worth $64,000 after purchasing an additional 2,701 shares during the period. Cetera Investment Advisers boosted its position in Schwab Fundamental U.S. Broad Market ETF by 60.9% during the 2nd quarter. Cetera Investment Advisers now owns 26,110 shares of the company’s stock worth $626,000 after purchasing an additional 9,882 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Schwab Fundamental U.S. Broad Market ETF by 11.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 61,525 shares of the company’s stock valued at $1,475,000 after purchasing an additional 6,180 shares in the last quarter.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

Shares of NYSEARCA:FNDB opened at $30.37 on Monday. The stock has a 50-day simple moving average of $29.82 and a 200-day simple moving average of $28.32. The stock has a market capitalization of $1.30 billion, a P/E ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a 1 year low of $23.72 and a 1 year high of $30.86.

Schwab Fundamental U.S. Broad Market ETF Company Profile

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.