Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Sees Large Increase in Short Interest

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 308,638 shares, an increase of 1,178.7% from the May 31st total of 24,136 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 617,001 shares, the short-interest ratio is currently 0.5 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA raised its position in shares of Schwab Fundamental U.S. Small Company ETF by 19.6% in the first quarter. Glenmede Trust Co. NA now owns 13,039 shares of the exchange traded fund’s stock valued at $423,000 after purchasing an additional 2,135 shares during the period. Western Wealth Management LLC bought a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 1st quarter worth $45,000. Bank of America Corp DE boosted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 1.4% during the 1st quarter. Bank of America Corp DE now owns 900,070 shares of the exchange traded fund’s stock worth $29,189,000 after buying an additional 12,819 shares during the period. Arkadios Wealth Advisors acquired a new position in Schwab Fundamental U.S. Small Company ETF in the 1st quarter valued at $240,000. Finally, Royal Bank of Canada raised its holdings in Schwab Fundamental U.S. Small Company ETF by 68.3% in the 1st quarter. Royal Bank of Canada now owns 141,749 shares of the exchange traded fund’s stock worth $4,597,000 after acquiring an additional 57,549 shares during the period.

Schwab Fundamental U.S. Small Company ETF Price Performance

Shares of FNDA stock traded up $0.36 during trading on Thursday, reaching $37.46. The company had a trading volume of 716,121 shares, compared to its average volume of 1,060,075. The firm’s 50 day simple moving average is $35.94 and its two-hundred day simple moving average is $34.16. Schwab Fundamental U.S. Small Company ETF has a one year low of $28.32 and a one year high of $37.76. The company has a market capitalization of $10.74 billion, a PE ratio of 17.12 and a beta of 1.03.

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.