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 recipient of a significant 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 short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Schwab Fundamental U.S. Small Company ETF Stock Up 0.6%

Schwab Fundamental U.S. Small Company ETF stock traded up $0.23 during mid-day trading on Friday, hitting $36.42. 1,950,176 shares of the company were exchanged, compared to its average volume of 970,500. The company has a market capitalization of $8.94 billion, a PE ratio of 17.12 and a beta of 1.03. The business has a fifty day moving average of $37.49 and a 200 day moving average of $35.84. Schwab Fundamental U.S. Small Company ETF has a 1-year low of $29.31 and a 1-year high of $38.59.

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

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Schwab Fundamental U.S. Small Company ETF by 97.5% in the fourth quarter. Brighton Jones LLC now owns 12,759 shares of the exchange traded fund’s stock valued at $379,000 after buying an additional 6,299 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter worth approximately $256,000. Royal Bank of Canada increased its holdings 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 buying an additional 38,354 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Schwab Fundamental U.S. Small Company ETF in the first quarter valued at approximately $711,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Schwab Fundamental U.S. Small Company ETF in the first quarter valued at approximately $274,000.

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.