Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) Short Interest Down 45.9% in July

Schwab Fundamental U.S. Broad Market ETF (NYSEARCA:FNDB) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 77,815 shares, a decrease of 45.9% from the July 15th total of 143,787 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 184,492 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Schwab Fundamental U.S. Broad Market ETF

Several hedge funds have recently modified their holdings of FNDB. Trust Co. of Vermont acquired a new stake in shares of Schwab Fundamental U.S. Broad Market ETF in the second quarter valued at approximately $1,772,000. Centurion Wealth Management LLC lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 1.2% during the 2nd quarter. Centurion Wealth Management LLC now owns 95,380 shares of the company’s stock worth $2,905,000 after buying an additional 1,120 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in Schwab Fundamental U.S. Broad Market ETF by 3.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 21,809 shares of the company’s stock worth $664,000 after buying an additional 737 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Schwab Fundamental U.S. Broad Market ETF by 50.0% in the 1st quarter. Sunbelt Securities Inc. now owns 1,500 shares of the company’s stock valued at $41,000 after buying an additional 500 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Schwab Fundamental U.S. Broad Market ETF in the 1st quarter valued at $1,386,000.

Schwab Fundamental U.S. Broad Market ETF Stock Performance

FNDB traded down $0.17 during midday trading on Monday, hitting $31.76. The company had a trading volume of 198,164 shares, compared to its average volume of 159,809. The company has a market capitalization of $1.46 billion, a PE ratio of 17.81 and a beta of 0.88. Schwab Fundamental U.S. Broad Market ETF has a twelve month low of $24.63 and a twelve month high of $31.97. The firm’s 50-day simple moving average is $30.82 and its 200-day simple moving average is $29.33.

Schwab Fundamental U.S. Broad Market ETF Company Profile

The Schwab Fundamental U.S. Broad Market Index ETF (FNDB) is an exchange-traded fund that is based on the Russell RAFI US index. The fund tracks a US equity index, selected and weighted based on three fundamental factors (sales, cash flow and dividends\u002Fbuybacks). FNDB was launched on Aug 8, 2013 and is managed by Charles Schwab.