Short Interest in Schwab Fundamental U.S. Large Company Index (FNDX) Declines By 87.9%

Schwab Fundamental U.S. Large Company Index (NYSEARCA:FNDX) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 121,078 shares, a decrease of 87.9% from the April 15th total of 1,003,455 shares. Based on an average daily trading volume, of 368,057 shares, the days-to-cover ratio is presently 0.3 days.

Large investors have recently modified their holdings of the stock. Actinver Wealth Management Inc. acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index in the 4th quarter valued at $27,809,000. Glassman Wealth Services boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index by 166.0% in the 4th quarter. Glassman Wealth Services now owns 852,217 shares of the company’s stock valued at $28,958,000 after purchasing an additional 531,834 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index in the 4th quarter valued at $13,787,000. Droms Strauss Advisors Inc. MO ADV acquired a new stake in shares of Schwab Fundamental U.S. Large Company Index in the 4th quarter valued at $12,587,000. Finally, Morgan Stanley boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index by 739.4% in the 1st quarter. Morgan Stanley now owns 289,907 shares of the company’s stock valued at $11,002,000 after purchasing an additional 255,369 shares in the last quarter.

Shares of NYSEARCA:FNDX opened at $37.19 on Wednesday. Schwab Fundamental U.S. Large Company Index has a 1 year low of $31.85 and a 1 year high of $40.40.

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