Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Down 57.0% in July

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 65,610 shares, a decline of 57.0% from the July 15th total of 152,747 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 402,366 shares, the days-to-cover ratio is presently 0.2 days.

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

Several institutional investors have recently bought and sold shares of FNDA. Wellington Management Group LLP acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the third quarter worth about $15,153,000. HORAN Wealth LLC grew its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 102.0% in the first quarter. HORAN Wealth LLC now owns 577,082 shares of the exchange traded fund’s stock valued at $18,680,000 after purchasing an additional 291,350 shares in the last quarter. Mariner LLC increased its stake in Schwab Fundamental U.S. Small Company ETF by 61.6% during the 4th quarter. Mariner LLC now owns 518,355 shares of the exchange traded fund’s stock worth $16,333,000 after buying an additional 197,637 shares during the period. Winter & Associates Inc. purchased a new stake in Schwab Fundamental U.S. Small Company ETF during the 4th quarter worth approximately $6,044,000. Finally, Marble Wealth LLC acquired a new stake in Schwab Fundamental U.S. Small Company ETF during the 4th quarter worth approximately $6,007,000.

Schwab Fundamental U.S. Small Company ETF Stock Up 0.2%

NYSEARCA:FNDA traded up $0.08 during trading hours on Friday, reaching $38.52. 484,393 shares of the stock were exchanged, compared to its average volume of 921,447. The business has a 50-day moving average of $37.43 and a two-hundred day moving average of $35.42. Schwab Fundamental U.S. Small Company ETF has a twelve month low of $29.31 and a twelve month high of $38.59. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 17.12 and a beta of 1.03.

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.