Short Interest in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) Drops By 45.9%

Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 77,815 shares, a decrease of 45.9% from the July 15th total of 143,787 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 184,492 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Schwab Fundamental U.S. Broad Market ETF

Institutional investors have recently modified their holdings of the company. Family Capital Management Inc. boosted its stake in Schwab Fundamental U.S. Broad Market ETF by 64.6% during the 4th quarter. Family Capital Management Inc. now owns 92,660 shares of the company’s stock valued at $2,462,000 after purchasing an additional 36,377 shares during the period. BFI Wealth Solutions LLC bought a new position in Schwab Fundamental U.S. Broad Market ETF in the 4th quarter worth about $508,000. Quantinno Capital Management LP acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the first quarter valued at approximately $1,386,000. Carnegie Investment Counsel increased its stake in shares of Schwab Fundamental U.S. Broad Market ETF by 149.1% in the first quarter. Carnegie Investment Counsel now owns 42,344 shares of the company’s stock valued at $1,152,000 after purchasing an additional 25,345 shares during the period. Finally, Marble Wealth LLC bought a new stake in shares of Schwab Fundamental U.S. Broad Market ETF during the fourth quarter valued at approximately $838,000.

Schwab Fundamental U.S. Broad Market ETF Stock Down 0.3%

NYSEARCA FNDB traded down $0.10 during trading hours on Tuesday, hitting $31.66. The company had a trading volume of 320,719 shares, compared to its average volume of 160,835. The firm has a market cap of $1.46 billion, a P/E ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a fifty-two week low of $24.63 and a fifty-two week high of $31.97. The business has a fifty day simple moving average of $30.82 and a 200-day simple moving average of $29.33.

About Schwab Fundamental U.S. Broad Market ETF

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.