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

by · The Cerbat Gem

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 146,941 shares, an increase of 204.9% from the August 15th total of 48,196 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 957,807 shares, the short-interest ratio is currently 0.2 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Waddell & Associates LLC raised its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 1.5% in the fourth quarter. Waddell & Associates LLC now owns 2,823,762 shares of the exchange traded fund’s stock valued at $88,977,000 after buying an additional 41,512 shares during the last quarter. Prairiewood Capital LLC grew its holdings in Schwab Fundamental U.S. Small Company ETF by 3.2% during the 1st quarter. Prairiewood Capital LLC now owns 2,053,795 shares of the exchange traded fund’s stock worth $66,605,000 after acquiring an additional 63,840 shares during the last quarter. Riverpoint Wealth Management Holdings LLC grew its holdings in Schwab Fundamental U.S. Small Company ETF by 1.3% during the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 1,157,772 shares of the exchange traded fund’s stock worth $37,547,000 after acquiring an additional 14,946 shares during the last quarter. Solitude Financial Services increased its position in Schwab Fundamental U.S. Small Company ETF by 3.0% in the 1st quarter. Solitude Financial Services now owns 1,029,893 shares of the exchange traded fund’s stock valued at $35,573,000 after acquiring an additional 30,300 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Schwab Fundamental U.S. Small Company ETF by 1.4% in the 1st quarter. Bank of America Corp DE now owns 900,070 shares of the exchange traded fund’s stock valued at $29,189,000 after acquiring an additional 12,819 shares in the last quarter.

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

FNDA traded up $0.23 during trading on Friday, hitting $36.42. The company’s stock had a trading volume of 1,950,176 shares, compared to its average volume of 970,500. The firm’s 50 day moving average price is $37.49 and its two-hundred day moving average price is $35.84. Schwab Fundamental U.S. Small Company ETF has a 12 month low of $29.31 and a 12 month high of $38.59. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 17.12 and a beta of 1.03.

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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