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 large decline in short interest in July. As of July 15th, there was short interest totaling 152,747 shares, a decline of 36.2% from the June 30th total of 239,319 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 423,392 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Schwab Fundamental U.S. Small Company ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in Schwab Fundamental U.S. Small Company ETF by 97.5% in the 4th quarter. Brighton Jones LLC now owns 12,759 shares of the exchange traded fund’s stock worth $379,000 after acquiring an additional 6,299 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter valued at approximately $256,000. Royal Bank of Canada lifted its position in shares of Schwab Fundamental U.S. Small Company ETF by 58.3% during the first quarter. Royal Bank of Canada now owns 104,110 shares of the exchange traded fund’s stock worth $2,852,000 after purchasing an additional 38,354 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Schwab Fundamental U.S. Small Company ETF during the first quarter worth $711,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Schwab Fundamental U.S. Small Company ETF during the first quarter worth $274,000.

Schwab Fundamental U.S. Small Company ETF Stock Performance

Schwab Fundamental U.S. Small Company ETF stock traded up $0.12 during trading on Thursday, reaching $37.20. 297,650 shares of the company’s stock were exchanged, compared to its average volume of 957,025. Schwab Fundamental U.S. Small Company ETF has a 52-week low of $28.43 and a 52-week high of $38.29. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. The company’s 50-day moving average is $36.98 and its two-hundred day moving average is $35.07.

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.