Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 146,941 shares, a growth of 204.9% from the August 15th total of 48,196 shares. Based on an average trading volume of 957,807 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
Schwab Fundamental U.S. Small Company ETF Stock Performance
FNDA traded down $0.26 during trading hours on Monday, reaching $36.16. The company’s stock had a trading volume of 4,243,012 shares, compared to its average volume of 989,201. Schwab Fundamental U.S. Small Company ETF has a 52 week low of $29.31 and a 52 week high of $38.59. The company’s 50-day moving average is $37.49 and its 200-day moving average is $35.85. The firm has a market cap of $8.87 billion, a PE ratio of 17.12 and a beta of 1.03.
Hedge Funds Weigh In On Schwab Fundamental U.S. Small Company ETF
Several institutional investors and hedge funds have recently modified their holdings of FNDA. Waddell & Associates LLC lifted its stake in shares of Schwab Fundamental U.S. Small Company ETF by 1.5% during the 4th quarter. Waddell & Associates LLC now owns 2,823,762 shares of the exchange traded fund’s stock worth $88,977,000 after buying an additional 41,512 shares during the last quarter. Prairiewood Capital LLC raised its holdings in Schwab Fundamental U.S. Small Company ETF by 3.2% in the 1st quarter. Prairiewood Capital LLC now owns 2,053,795 shares of the exchange traded fund’s stock valued at $66,605,000 after acquiring an additional 63,840 shares during the period. Riverpoint Wealth Management Holdings LLC raised its holdings in Schwab Fundamental U.S. Small Company ETF by 1.3% in the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 1,157,772 shares of the exchange traded fund’s stock valued at $37,547,000 after acquiring an additional 14,946 shares during the period. Solitude Financial Services raised its holdings in Schwab Fundamental U.S. Small Company ETF by 3.0% in the 1st quarter. Solitude Financial Services now owns 1,029,893 shares of the exchange traded fund’s stock valued at $35,573,000 after acquiring an additional 30,300 shares during the period. Finally, Bank of America Corp DE lifted its position in Schwab Fundamental U.S. Small Company ETF by 1.4% during the first quarter. Bank of America Corp DE now owns 900,070 shares of the exchange traded fund’s stock worth $29,189,000 after acquiring an additional 12,819 shares during the last quarter.
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.
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