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

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 5,381 shares, a decrease of 93.7% from the April 30th total of 85,848 shares. Based on an average daily trading volume, of 4,226,527 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Schwab Fundamental U.S. Small Company ETF Price Performance

NYSEARCA:FNDA traded up $0.06 during midday trading on Wednesday, hitting $36.28. The company’s stock had a trading volume of 837,096 shares, compared to its average volume of 1,159,181. Schwab Fundamental U.S. Small Company ETF has a fifty-two week low of $27.24 and a fifty-two week high of $36.51. The firm’s 50 day moving average is $34.36 and its 200-day moving average is $33.31. The firm has a market cap of $10.41 billion, a P/E ratio of 17.12 and a beta of 1.05.

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

Hedge funds have recently bought and sold shares of the stock. AlphaCore Capital LLC boosted its position in Schwab Fundamental U.S. Small Company ETF by 2.2% in the 3rd quarter. AlphaCore Capital LLC now owns 917,082 shares of the exchange traded fund’s stock worth $28,576,000 after purchasing an additional 19,517 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in Schwab Fundamental U.S. Small Company ETF by 53.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 44,419 shares of the exchange traded fund’s stock worth $1,415,000 after purchasing an additional 15,532 shares in the last quarter. Ground Swell Capital LLC purchased a new stake in Schwab Fundamental U.S. Small Company ETF in the 3rd quarter worth approximately $512,000. Savant Capital LLC boosted its position in Schwab Fundamental U.S. Small Company ETF by 50.6% in the 3rd quarter. Savant Capital LLC now owns 304,075 shares of the exchange traded fund’s stock worth $9,475,000 after purchasing an additional 102,215 shares in the last quarter. Finally, MAI Capital Management boosted its position in Schwab Fundamental U.S. Small Company ETF by 5.3% in the 3rd quarter. MAI Capital Management now owns 339,209 shares of the exchange traded fund’s stock worth $10,570,000 after purchasing an additional 17,214 shares in the last quarter.

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.