Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 308,638 shares, an increase 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 currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in Schwab Fundamental U.S. Small Company ETF in the 3rd quarter worth about $15,153,000. HORAN Wealth LLC lifted its stake in Schwab Fundamental U.S. Small Company ETF by 102.0% during the 1st quarter. HORAN Wealth LLC now owns 577,082 shares of the exchange traded fund’s stock valued at $18,680,000 after acquiring an additional 291,350 shares during the period. Mariner LLC lifted its stake in Schwab Fundamental U.S. Small Company ETF by 61.6% during the 4th quarter. Mariner LLC now owns 518,355 shares of the exchange traded fund’s stock valued at $16,333,000 after acquiring an additional 197,637 shares during the period. Winter & Associates Inc. purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 4th quarter valued at about $6,044,000. Finally, Marble Wealth LLC purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 4th quarter valued at about $6,007,000.
Schwab Fundamental U.S. Small Company ETF Stock Performance
Shares of FNDA traded up $0.28 on Friday, hitting $37.74. 732,917 shares of the stock traded hands, compared to its average volume of 1,057,371. Schwab Fundamental U.S. Small Company ETF has a one year low of $28.43 and a one year high of $37.79. The company has a market capitalization of $10.82 billion, a PE ratio of 17.12 and a beta of 1.03. The business has a 50 day simple moving average of $36.00 and a 200 day simple moving average of $34.18.
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.
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