Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Stock Short Interest Declines 51.4%

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 71,365 shares, a drop of 51.4% from the August 31st total of 146,941 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 2,345,457 shares, the short-interest ratio is currently 0.0 days.

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

Large investors have recently bought and sold shares of the company. Highland Investment Advisors LLC purchased a new position in Schwab Fundamental U.S. Small Company ETF during the 2nd quarter worth approximately $27,000. Osbon Capital Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the fourth quarter worth $28,000. Compass Financial Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF in the second quarter worth $33,000. Western Wealth Management LLC purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF during the first quarter worth $45,000. Finally, GAMMA Investing LLC raised its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 89.4% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 649 shares during the last quarter.

Schwab Fundamental U.S. Small Company ETF Price Performance

Schwab Fundamental U.S. Small Company ETF stock traded down $0.19 during trading hours on Wednesday, hitting $35.00. 2,781,444 shares of the stock traded hands, compared to its average volume of 1,060,606. The firm’s 50 day moving average price is $37.07 and its 200-day moving average price is $36.01. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 17.12 and a beta of 1.03. Schwab Fundamental U.S. Small Company ETF has a 1 year low of $29.31 and a 1 year high of $38.59.

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.