Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Sees Large Increase in Short Interest

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 68,445 shares, a growth of 461.0% from the April 30th total of 12,200 shares. Based on an average trading volume of 647,348 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Schwab Fundamental International Small Equity ETF Stock Up 0.2%

Shares of FNDC traded up $0.12 during mid-day trading on Friday, hitting $50.34. The company had a trading volume of 87,804 shares, compared to its average volume of 199,019. Schwab Fundamental International Small Equity ETF has a 1-year low of $39.97 and a 1-year high of $50.83. The business’s 50-day simple moving average is $48.61 and its 200-day simple moving average is $47.17. The stock has a market cap of $3.38 billion, a PE ratio of 13.87 and a beta of 0.75.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Hardin Capital Partners LLC grew its position in shares of Schwab Fundamental International Small Equity ETF by 0.8% during the fourth quarter. Hardin Capital Partners LLC now owns 26,880 shares of the company’s stock worth $1,197,000 after buying an additional 225 shares in the last quarter. Comerica Bank grew its position in shares of Schwab Fundamental International Small Equity ETF by 13.5% during the fourth quarter. Comerica Bank now owns 2,110 shares of the company’s stock worth $94,000 after buying an additional 251 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Schwab Fundamental International Small Equity ETF by 3.3% during the fourth quarter. Captrust Financial Advisors now owns 7,793 shares of the company’s stock worth $347,000 after buying an additional 251 shares in the last quarter. Clarity Capital Advisors LLC grew its position in shares of Schwab Fundamental International Small Equity ETF by 3.4% during the fourth quarter. Clarity Capital Advisors LLC now owns 7,954 shares of the company’s stock worth $354,000 after buying an additional 265 shares in the last quarter. Finally, Vermillion Wealth Management Inc. grew its position in shares of Schwab Fundamental International Small Equity ETF by 13.4% during the first quarter. Vermillion Wealth Management Inc. now owns 2,526 shares of the company’s stock worth $117,000 after buying an additional 299 shares in the last quarter.

Schwab Fundamental International Small Equity ETF Company Profile

The Schwab Fundamental International Small Company Index ETF (FNDC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a fundamentally-selected and -weighted Russell index of small firms in developed ex-US markets based on adjusted sales, retained operational cash flow, and dividends\u002Fbuybacks. FNDC was launched on Aug 15, 2013 and is managed by Charles Schwab.