Short Interest in Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) Drops By 68.3%

Schwab Fundamental Emerging Markets Equity ETF (NYSEARCA:FNDE) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,030,146 shares, a decline of 68.3% from the July 30th total of 6,406,549 shares. Based on an average daily trading volume, of 889,764 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.9% of the shares of the stock are sold short.

Institutional Trading of Schwab Fundamental Emerging Markets Equity ETF

Hedge funds have recently modified their holdings of the stock. Morgan Stanley boosted its holdings in Schwab Fundamental Emerging Markets Equity ETF by 45.8% in the fourth quarter. Morgan Stanley now owns 4,079,189 shares of the company’s stock valued at $147,096,000 after acquiring an additional 1,281,067 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Schwab Fundamental Emerging Markets Equity ETF by 17,571.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,194,405 shares of the company’s stock worth $43,070,000 after purchasing an additional 1,187,646 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Schwab Fundamental Emerging Markets Equity ETF by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 122,959,346 shares of the company’s stock worth $4,433,914,000 after purchasing an additional 1,100,486 shares during the last quarter. Bank of America Corp DE lifted its position in Schwab Fundamental Emerging Markets Equity ETF by 29.8% during the 1st quarter. Bank of America Corp DE now owns 2,799,303 shares of the company’s stock valued at $107,101,000 after purchasing an additional 641,952 shares during the period. Finally, Bleakley Financial Group LLC boosted its stake in shares of Schwab Fundamental Emerging Markets Equity ETF by 559.4% in the 1st quarter. Bleakley Financial Group LLC now owns 439,715 shares of the company’s stock valued at $16,823,000 after purchasing an additional 373,027 shares during the last quarter.

Schwab Fundamental Emerging Markets Equity ETF Stock Down 0.1%

Shares of NYSEARCA:FNDE opened at $41.91 on Thursday. Schwab Fundamental Emerging Markets Equity ETF has a 12 month low of $34.07 and a 12 month high of $42.43. The company’s 50-day moving average price is $40.71 and its two-hundred day moving average price is $40.11. The firm has a market cap of $9.87 billion, a P/E ratio of 10.04 and a beta of 0.56.

Schwab Fundamental Emerging Markets Equity ETF Company Profile

The Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of emerging market stocks. Its selection and weighting are based on three fundamental factors: sales, cash flow, and dividends\u002Fbuybacks. FNDE was launched on Aug 15, 2013 and is managed by Charles Schwab.