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

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC lifted its stake in Schwab Fundamental U.S. Small Company ETF by 0.3% during the fourth quarter. Sowell Financial Services LLC now owns 114,859 shares of the exchange traded fund’s stock worth $3,619,000 after purchasing an additional 343 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 3.5% during the 4th quarter. Kestra Advisory Services LLC now owns 10,618 shares of the exchange traded fund’s stock valued at $335,000 after buying an additional 362 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 94.3% during the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 410 shares in the last quarter. Comerica Bank lifted its position in Schwab Fundamental U.S. Small Company ETF by 1.7% in the 4th quarter. Comerica Bank now owns 25,362 shares of the exchange traded fund’s stock worth $799,000 after buying an additional 413 shares during the last quarter. Finally, Sand Hill Global Advisors LLC boosted its stake in Schwab Fundamental U.S. Small Company ETF by 6.0% in the fourth quarter. Sand Hill Global Advisors LLC now owns 8,010 shares of the exchange traded fund’s stock worth $252,000 after buying an additional 451 shares in the last quarter.

Schwab Fundamental U.S. Small Company ETF Price Performance

FNDA stock traded up $0.11 during midday trading on Friday, reaching $37.57. The company had a trading volume of 72,463 shares, compared to its average volume of 1,051,686. Schwab Fundamental U.S. Small Company ETF has a 1 year low of $28.43 and a 1 year high of $37.76. The company has a market capitalization of $10.78 billion, a P/E ratio of 17.12 and a beta of 1.03. The firm has a 50-day moving average price of $35.94 and a 200-day moving average price of $34.16.

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.