Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 394,939 shares, an increase of 453.4% from the September 15th total of 71,365 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,956,398 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On Schwab Fundamental U.S. Small Company ETF
Several hedge funds and other institutional investors have recently made changes to their positions in FNDA. Kaizen Financial Strategies increased its holdings in Schwab Fundamental U.S. Small Company ETF by 64.2% in the 3rd quarter. Kaizen Financial Strategies now owns 95,512 shares of the exchange traded fund’s stock worth $3,343,000 after purchasing an additional 37,342 shares in the last quarter. Breakwater Capital Group raised its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 7.7% during the third quarter. Breakwater Capital Group now owns 93,706 shares of the exchange traded fund’s stock valued at $3,280,000 after purchasing an additional 6,731 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 2.1% during the third quarter. Farther Finance Advisors LLC now owns 84,903 shares of the exchange traded fund’s stock valued at $2,972,000 after acquiring an additional 1,749 shares in the last quarter. CoreCap Advisors LLC raised its holdings in Schwab Fundamental U.S. Small Company ETF by 53.4% during the third quarter. CoreCap Advisors LLC now owns 15,052 shares of the exchange traded fund’s stock worth $527,000 after buying an additional 5,240 shares during the last quarter. Finally, Dickmeyer Boyce Financial Management Inc. lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 6.6% in the third quarter. Dickmeyer Boyce Financial Management Inc. now owns 60,421 shares of the exchange traded fund’s stock valued at $2,115,000 after purchasing an additional 3,723 shares in the last quarter.
Schwab Fundamental U.S. Small Company ETF Price Performance
NYSEARCA:FNDA traded up $0.06 during trading hours on Friday, reaching $35.62. 2,444,738 shares of the company were exchanged, compared to its average volume of 1,108,729. The company has a market capitalization of $8.78 billion, a P/E ratio of 17.12 and a beta of 1.05. The business has a 50 day moving average of $36.78 and a 200 day moving average of $36.17. Schwab Fundamental U.S. Small Company ETF has a 1-year low of $29.31 and a 1-year high of $38.59.
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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