Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Up 114.7% in January

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 44,641 shares, a growth of 114.7% from the January 15th total of 20,796 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 759,520 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 759,520 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Schwab Fundamental U.S. Small Company ETF Trading Up 1.1%

Shares of NYSEARCA FNDA traded up $0.38 during midday trading on Friday, hitting $34.58. The company’s stock had a trading volume of 496,895 shares, compared to its average volume of 873,753. The firm has a market cap of $9.87 billion, a P/E ratio of 17.12 and a beta of 1.10. The business’s 50 day moving average is $33.06 and its two-hundred day moving average is $31.58. Schwab Fundamental U.S. Small Company ETF has a 12-month low of $23.49 and a 12-month high of $35.31.

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

A number of institutional investors have recently added to or reduced their stakes in FNDA. Brighton Jones LLC raised its position in Schwab Fundamental U.S. Small Company ETF by 97.5% during the fourth quarter. Brighton Jones LLC now owns 12,759 shares of the exchange traded fund’s stock worth $379,000 after acquiring an additional 6,299 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter worth about $256,000. Royal Bank of Canada raised its position in shares of Schwab Fundamental U.S. Small Company ETF by 58.3% during the 1st quarter. Royal Bank of Canada now owns 104,110 shares of the exchange traded fund’s stock worth $2,852,000 after purchasing an additional 38,354 shares during the last quarter. AQR Capital Management LLC purchased a new position in Schwab Fundamental U.S. Small Company ETF in the 1st quarter valued at about $711,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Schwab Fundamental U.S. Small Company ETF in the 1st quarter worth about $274,000.

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.