Short Interest in Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) Declines By 32.3%

Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 52,703 shares, a decrease of 32.3% from the July 30th total of 77,815 shares. Based on an average daily volume of 230,833 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

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

A number of hedge funds have recently made changes to their positions in the business. Stifel Financial Corp boosted its position in shares of Schwab Fundamental U.S. Broad Market ETF by 2.2% during the 4th quarter. Stifel Financial Corp now owns 17,465 shares of the company’s stock valued at $464,000 after acquiring an additional 375 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its position in Schwab Fundamental U.S. Broad Market ETF by 0.7% in the first quarter. Townsend Asset Management Corp NC ADV now owns 68,954 shares of the company’s stock worth $1,876,000 after purchasing an additional 448 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Schwab Fundamental U.S. Broad Market ETF by 4.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,974 shares of the company’s stock worth $265,000 after purchasing an additional 458 shares during the period. MorganRosel Wealth Management LLC boosted its holdings in Schwab Fundamental U.S. Broad Market ETF by 1.6% during the fourth quarter. MorganRosel Wealth Management LLC now owns 31,468 shares of the company’s stock valued at $836,000 after purchasing an additional 494 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Schwab Fundamental U.S. Broad Market ETF by 50.0% during the first quarter. Sunbelt Securities Inc. now owns 1,500 shares of the company’s stock valued at $41,000 after purchasing an additional 500 shares in the last quarter.

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

FNDB stock traded down $0.09 during trading on Tuesday, reaching $31.47. 999,385 shares of the stock were exchanged, compared to its average volume of 187,925. The stock has a 50 day simple moving average of $31.09 and a 200-day simple moving average of $29.58. The company has a market capitalization of $1.45 billion, a P/E ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a twelve month low of $24.92 and a twelve month high of $32.03.

Schwab Fundamental U.S. Broad Market ETF Company Profile

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.