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

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 71,365 shares, a decline of 51.4% from the August 31st total of 146,941 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,345,457 shares, the days-to-cover ratio is presently 0.0 days.

Schwab Fundamental U.S. Small Company ETF Trading Down 0.2%

Shares of NYSEARCA FNDA traded down $0.08 during mid-day trading on Tuesday, reaching $35.19. The company had a trading volume of 3,261,360 shares, compared to its average volume of 1,051,354. The firm has a 50 day simple moving average of $37.12 and a two-hundred day simple moving average of $35.99. The stock has a market cap of $8.64 billion, a P/E ratio of 17.12 and a beta of 1.03. Schwab Fundamental U.S. Small Company ETF has a 52-week low of $29.31 and a 52-week high of $38.59.

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 FNDA. Waddell & Associates LLC boosted its position in shares of Schwab Fundamental U.S. Small Company ETF by 1.5% in the 4th quarter. Waddell & Associates LLC now owns 2,823,762 shares of the exchange traded fund’s stock valued at $88,977,000 after purchasing an additional 41,512 shares during the period. Prairiewood Capital LLC grew its stake 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 buying an additional 63,840 shares during the last quarter. Riverpoint Wealth Management Holdings LLC increased its position in Schwab Fundamental U.S. Small Company ETF by 1.3% during the first quarter. Riverpoint Wealth Management Holdings LLC now owns 1,157,772 shares of the exchange traded fund’s stock worth $37,547,000 after buying an additional 14,946 shares during the period. Solitude Financial Services increased its position in Schwab Fundamental U.S. Small Company ETF by 3.0% during the first quarter. Solitude Financial Services now owns 1,029,893 shares of the exchange traded fund’s stock worth $35,573,000 after buying an additional 30,300 shares during the period. Finally, Bank of America Corp DE lifted its stake in Schwab Fundamental U.S. Small Company ETF by 1.4% in the first quarter. Bank of America Corp DE now owns 900,070 shares of the exchange traded fund’s stock valued at $29,189,000 after buying an additional 12,819 shares during the last quarter.

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.