Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Down 34.0% in February

by · The Cerbat Gem

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Get Free Report) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 71,233 shares, a drop of 34.0% from the February 12th total of 107,991 shares. Based on an average daily trading volume, of 611,752 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 611,752 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Schwab Fundamental U.S. Small Company ETF

Hedge funds have recently made changes to their positions in the company. AlphaCore Capital LLC raised its stake in shares of 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 valued at $28,576,000 after purchasing an additional 19,517 shares in the last quarter. Empower Advisory Group LLC acquired a new position in Schwab Fundamental U.S. Small Company ETF in the second quarter worth about $316,000. Avantax Advisory Services Inc. increased its holdings in Schwab Fundamental U.S. Small Company ETF by 25.5% in the second quarter. Avantax Advisory Services Inc. now owns 73,130 shares of the exchange traded fund’s stock valued at $2,095,000 after buying an additional 14,861 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in Schwab Fundamental U.S. Small Company ETF in the third quarter valued at about $48,804,000. Finally, QRG Capital Management Inc. raised its stake in Schwab Fundamental U.S. Small Company ETF by 731.1% during the third quarter. QRG Capital Management Inc. now owns 77,033 shares of the exchange traded fund’s stock valued at $2,400,000 after buying an additional 67,764 shares in the last quarter.

Schwab Fundamental U.S. Small Company ETF Stock Performance

Shares of NYSEARCA:FNDA traded down $0.12 during mid-day trading on Friday, hitting $32.01. 654,234 shares of the company traded hands, compared to its average volume of 810,990. The firm’s 50 day simple moving average is $33.83 and its 200 day simple moving average is $32.14. The firm has a market cap of $9.14 billion, a P/E ratio of 17.12 and a beta of 1.10. Schwab Fundamental U.S. Small Company ETF has a 52-week low of $23.49 and a 52-week high of $35.31.

About Schwab Fundamental U.S. Small Company ETF

(Get Free Report)

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.

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