Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Up 1,178.7% in June

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 308,638 shares, a growth of 1,178.7% from the May 31st total of 24,136 shares. Based on an average daily trading volume, of 617,001 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Schwab Fundamental U.S. Small Company ETF Stock Performance

NYSEARCA:FNDA traded up $0.36 during trading hours on Thursday, hitting $37.46. 716,121 shares of the company’s stock traded hands, compared to its average volume of 1,060,075. The firm has a market cap of $10.74 billion, a P/E ratio of 17.12 and a beta of 1.03. Schwab Fundamental U.S. Small Company ETF has a twelve month low of $28.32 and a twelve month high of $37.76. The stock’s fifty day moving average price is $35.94 and its two-hundred day moving average price is $34.16.

Hedge Funds Weigh In On Schwab Fundamental U.S. Small Company ETF

A number of large investors have recently made changes to their positions in FNDA. Phillips Financial Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the fourth quarter worth approximately $26,000. Russell Investments Group Ltd. grew its position in Schwab Fundamental U.S. Small Company ETF by 94.3% during the fourth 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 acquired a new position in Schwab Fundamental U.S. Small Company ETF in the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC increased its stake in Schwab Fundamental U.S. Small Company ETF by 214.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 959 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 654 shares during the period. Finally, High Note Wealth LLC purchased a new stake in Schwab Fundamental U.S. Small Company ETF in the 4th quarter worth approximately $34,000.

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.