Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Down 36.2% in July

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 152,747 shares, a drop of 36.2% from the June 30th total of 239,319 shares. Based on an average daily volume of 423,392 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC raised its stake in shares of Schwab Fundamental U.S. Small Company ETF by 0.3% in the fourth quarter. Sowell Financial Services LLC now owns 114,859 shares of the exchange traded fund’s stock valued at $3,619,000 after acquiring an additional 343 shares in the last quarter. Kestra Advisory Services LLC raised its position in Schwab Fundamental U.S. Small Company ETF by 3.5% in the 4th quarter. Kestra Advisory Services LLC now owns 10,618 shares of the exchange traded fund’s stock valued at $335,000 after purchasing an additional 362 shares in the last quarter. Russell Investments Group Ltd. raised its position in Schwab Fundamental U.S. Small Company ETF by 94.3% in the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 410 shares in the last quarter. Comerica Bank boosted its stake in shares of Schwab Fundamental U.S. Small Company ETF by 1.7% in the 4th quarter. Comerica Bank now owns 25,362 shares of the exchange traded fund’s stock valued at $799,000 after buying an additional 413 shares during the period. Finally, Sand Hill Global Advisors LLC boosted its stake in shares of Schwab Fundamental U.S. Small Company ETF by 6.0% in the 4th quarter. Sand Hill Global Advisors LLC now owns 8,010 shares of the exchange traded fund’s stock valued at $252,000 after buying an additional 451 shares during the period.

Schwab Fundamental U.S. Small Company ETF Price Performance

Shares of FNDA stock traded down $0.03 during trading on Friday, reaching $37.17. The company’s stock had a trading volume of 437,387 shares, compared to its average volume of 953,441. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. The stock’s 50-day moving average price is $37.04 and its 200 day moving average price is $35.11. Schwab Fundamental U.S. Small Company ETF has a 1-year low of $28.43 and a 1-year high of $38.29.

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.