Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Sees Significant Drop in Short Interest

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 4,311 shares, a drop of 90.9% from the June 30th total of 47,488 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 95,103 shares, the days-to-cover ratio is currently 0.0 days.

Schwab Fundamental International Small Equity ETF Trading Up 0.5%

Shares of NYSEARCA FNDC traded up $0.26 during midday trading on Friday, hitting $48.63. The company’s stock had a trading volume of 74,572 shares, compared to its average volume of 172,001. The stock has a fifty day moving average price of $49.14 and a 200 day moving average price of $48.40. Schwab Fundamental International Small Equity ETF has a one year low of $41.77 and a one year high of $50.83. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 13.87 and a beta of 0.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FNDC. Allied Private Wealth LLC bought a new position in shares of Schwab Fundamental International Small Equity ETF in the second quarter worth $26,000. Litman Gregory Wealth Management LLC bought a new stake in shares of Schwab Fundamental International Small Equity ETF during the 4th quarter valued at $33,000. Ares Financial Consulting LLC purchased a new stake in Schwab Fundamental International Small Equity ETF during the 4th quarter worth about $35,000. Palisade Asset Management LLC purchased a new stake in Schwab Fundamental International Small Equity ETF during the 3rd quarter worth about $43,000. Finally, US Bancorp DE boosted its stake in Schwab Fundamental International Small Equity ETF by 1,623.3% in the 3rd quarter. US Bancorp DE now owns 1,034 shares of the company’s stock worth $46,000 after purchasing an additional 974 shares during the period.

About Schwab Fundamental International Small Equity ETF

The Schwab Fundamental International Small Company Index ETF (FNDC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a fundamentally-selected and -weighted Russell index of small firms in developed ex-US markets based on adjusted sales, retained operational cash flow, and dividends\u002Fbuybacks. FNDC was launched on Aug 15, 2013 and is managed by Charles Schwab.