Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Stock Short Interest Jumps 1,634.3%

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 248,874 shares, an increase of 1,634.3% from the August 31st total of 14,350 shares. Based on an average daily volume of 108,966 shares, the short-interest ratio is currently 2.3 days. Approximately 0.4% of the shares of the stock are short sold.

Schwab Fundamental International Small Equity ETF Price Performance

Shares of Schwab Fundamental International Small Equity ETF stock opened at $50.39 on Friday. Schwab Fundamental International Small Equity ETF has a 1 year low of $42.95 and a 1 year high of $51.83. The business has a 50 day moving average price of $50.46 and a 200 day moving average price of $49.24. The company has a market capitalization of $3.12 billion, a P/E ratio of 13.87 and a beta of 0.76.

Institutional Trading of Schwab Fundamental International Small Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allied Private Wealth LLC purchased a new stake in Schwab Fundamental International Small Equity ETF during the 2nd quarter worth about $26,000. Anchor Investment Management LLC boosted its stake in shares of Schwab Fundamental International Small Equity ETF by 234.0% during the 2nd quarter. Anchor Investment Management LLC now owns 1,002 shares of the company’s stock worth $49,000 after purchasing an additional 702 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of Schwab Fundamental International Small Equity ETF during the fourth quarter worth about $99,000. RMG Wealth Management LLC purchased a new stake in shares of Schwab Fundamental International Small Equity ETF during the first quarter worth about $111,000. Finally, Root Financial Partners LLC raised its position in shares of Schwab Fundamental International Small Equity ETF by 28.4% in the fourth quarter. Root Financial Partners LLC now owns 2,900 shares of the company’s stock valued at $129,000 after buying an additional 642 shares during the last quarter.

About Schwab Fundamental International Small Equity ETF

The Schwab Fundamental International Small Company Index ETF (FNDC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a fundamentally-selected and -weighted Russell index of small firms in developed ex-US markets based on adjusted sales, retained operational cash flow, and dividends\u002Fbuybacks. FNDC was launched on Aug 15, 2013 and is managed by Charles Schwab.