Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Update

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the target of a large decline in short interest in 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. Based on an average daily trading volume, of 402,366 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

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

Shares of NYSEARCA:FNDA traded up $0.08 during midday trading on Friday, reaching $38.52. 484,393 shares of the company traded hands, compared to its average volume of 921,447. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 17.12 and a beta of 1.03. Schwab Fundamental U.S. Small Company ETF has a 12 month low of $29.31 and a 12 month high of $38.59. The firm’s fifty day moving average price is $37.43 and its two-hundred day moving average price is $35.42.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Phillips Financial Management LLC purchased 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. raised its stake in Schwab Fundamental U.S. Small Company ETF by 94.3% in the fourth 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. Compass Financial Management LLC bought a new stake in Schwab Fundamental U.S. Small Company ETF during the second quarter valued at approximately $33,000. Osbon Capital Management LLC bought a new stake in Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at approximately $28,000. Finally, Smartleaf Asset Management LLC grew its stake in 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 worth $31,000 after buying an additional 654 shares in the last quarter.

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.