Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Down 36.2% in July

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 152,747 shares, a decline of 36.2% from the June 30th total of 239,319 shares. Based on an average daily trading volume, of 423,392 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Schwab Fundamental U.S. Small Company ETF Stock Performance

Shares of FNDA traded up $0.12 during trading hours on Thursday, hitting $37.20. The stock had a trading volume of 297,650 shares, compared to its average volume of 957,025. The firm has a market cap of $9.14 billion, a P/E ratio of 17.12 and a beta of 1.02. The company’s fifty day simple moving average is $36.98 and its 200 day simple moving average is $35.07. Schwab Fundamental U.S. Small Company ETF has a 12-month low of $28.43 and a 12-month high of $38.29.

Hedge Funds Weigh In On Schwab Fundamental U.S. Small Company ETF

A number of large investors have recently modified their holdings of the company. Phillips Financial Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 4th quarter worth about $26,000. Russell Investments Group Ltd. increased its position in Schwab Fundamental U.S. Small Company ETF by 94.3% during the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 410 shares in the last quarter. Osbon Capital Management LLC purchased a new position in Schwab Fundamental U.S. Small Company ETF in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its position in Schwab Fundamental U.S. Small Company ETF by 214.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 654 shares in the last quarter. Finally, High Note Wealth LLC acquired a new position in Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at approximately $34,000.

About Schwab Fundamental U.S. Small Company ETF

The Schwab Fundamental U.S. Small Company Index ETF (FNDA) is an exchange-traded fund that is based on the Russell RAFI Small Company US index. The fund tracks a fundamentally selected and weighted Russell index of small firms based on adjusted sales, retained operation cash flow, and dividends plus buybacks. FNDA was launched on Aug 15, 2013 and is managed by Charles Schwab.