Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 104,944 shares, a decline of 73.4% from the September 30th total of 394,939 shares. Based on an average daily trading volume, of 2,529,949 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Schwab Fundamental U.S. Small Company ETF Stock Down 1.7%
FNDA stock traded down $0.62 during mid-day trading on Friday, hitting $35.83. The company had a trading volume of 1,751,330 shares, compared to its average volume of 1,195,624. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 17.12 and a beta of 1.05. Schwab Fundamental U.S. Small Company ETF has a 12-month low of $29.31 and a 12-month high of $38.59. The company has a 50-day moving average price of $36.12 and a 200 day moving average price of $35.56.
Hedge Funds Weigh In On Schwab Fundamental U.S. Small Company ETF
Institutional investors have recently modified their holdings of the stock. Prairiewood Capital LLC raised its position in Schwab Fundamental U.S. Small Company ETF by 3.9% in the third quarter. Prairiewood Capital LLC now owns 2,170,316 shares of the exchange traded fund’s stock valued at $75,961,000 after purchasing an additional 82,062 shares during the period. Vantagepoint Investment Advisers LLC acquired a new stake in Schwab Fundamental U.S. Small Company ETF in the third quarter valued at $47,472,000. Moller Wealth Partners purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 3rd quarter worth approximately $43,342,000. Riverpoint Wealth Management Holdings LLC increased its position in shares of 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 purchasing an additional 14,946 shares in the last quarter. Finally, Wealth Forward LLC boosted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 91.0% in the third quarter. Wealth Forward LLC now owns 1,153,317 shares of the exchange traded fund’s stock valued at $40,366,000 after acquiring an additional 549,476 shares during the period.
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.
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