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 large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 65,610 shares, a decrease of 57.0% from the July 15th total of 152,747 shares. Based on an average daily volume of 402,366 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Schwab Fundamental U.S. Small Company ETF Price Performance

Shares of Schwab Fundamental U.S. Small Company ETF stock traded down $0.18 on Monday, reaching $38.34. 116,391 shares of the company were exchanged, compared to its average volume of 916,218. The company has a market cap of $9.41 billion, a P/E ratio of 17.12 and a beta of 1.03. The stock’s 50 day moving average price is $37.43 and its 200-day moving average price is $35.43. Schwab Fundamental U.S. Small Company ETF has a 1-year low of $29.31 and a 1-year high of $38.59.

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

A number of large investors have recently bought and sold shares of the company. Phillips Financial Management LLC acquired a new position in shares of Schwab Fundamental U.S. Small Company ETF during the fourth 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 during the period. Osbon Capital Management LLC purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 214.4% in the 4th 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 during the period. Finally, Compass Financial Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the 2nd quarter valued at approximately $33,000.

Schwab Fundamental U.S. Small Company ETF Company Profile

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.