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

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 122,852 shares, an increase of 72.5% from the February 26th total of 71,233 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 802,131 shares, the days-to-cover ratio is currently 0.2 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Phillips Financial Management LLC purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF in the 4th quarter worth about $26,000. Russell Investments Group Ltd. lifted its stake in shares of Schwab Fundamental U.S. Small Company ETF by 94.3% in the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 410 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 4th quarter worth about $28,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 3rd quarter worth about $28,000. Finally, Smartleaf Asset Management LLC increased its position in Schwab Fundamental U.S. Small Company ETF by 214.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 654 shares in the last quarter.

Schwab Fundamental U.S. Small Company ETF Stock Down 1.5%

Shares of FNDA stock traded down $0.49 on Friday, reaching $31.85. 848,750 shares of the stock were exchanged, compared to its average volume of 807,050. The stock has a market cap of $9.09 billion, a P/E ratio of 17.12 and a beta of 1.10. The firm has a 50 day moving average of $33.68 and a two-hundred day moving average of $32.21. Schwab Fundamental U.S. Small Company ETF has a 1-year low of $23.49 and a 1-year high of $35.31.

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.