Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Up 72.5% in March

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 122,852 shares, an increase of 72.5% from the February 26th total of 71,233 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 802,131 shares, the days-to-cover ratio is currently 0.2 days.

Schwab Fundamental U.S. Small Company ETF Stock Performance

FNDA stock traded down $0.49 on Friday, reaching $31.85. The company’s stock had a trading volume of 848,750 shares, compared to its average volume of 807,050. The firm has a market cap of $9.09 billion, a PE ratio of 17.12 and a beta of 1.10. The business has a fifty day simple moving average of $33.64 and a two-hundred day simple moving average of $32.22. Schwab Fundamental U.S. Small Company ETF has a 12-month low of $23.49 and a 12-month high of $35.31.

Institutional Investors Weigh In On Schwab Fundamental U.S. Small Company ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sowell Financial Services LLC increased its position in shares of Schwab Fundamental U.S. Small Company ETF by 0.3% during the fourth quarter. Sowell Financial Services LLC now owns 114,859 shares of the exchange traded fund’s stock valued at $3,619,000 after buying an additional 343 shares during the period. Kestra Advisory Services LLC lifted its holdings in Schwab Fundamental U.S. Small Company ETF by 3.5% in the fourth quarter. Kestra Advisory Services LLC now owns 10,618 shares of the exchange traded fund’s stock worth $335,000 after buying an additional 362 shares during the period. MCF Advisors LLC boosted its position in Schwab Fundamental U.S. Small Company ETF by 7.6% during the 3rd quarter. MCF Advisors LLC now owns 5,697 shares of the exchange traded fund’s stock valued at $178,000 after acquiring an additional 403 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Schwab Fundamental U.S. Small Company ETF by 94.3% during the 4th quarter. Russell Investments Group Ltd. now owns 845 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 410 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 1.7% during the 4th quarter. Comerica Bank now owns 25,362 shares of the exchange traded fund’s stock worth $799,000 after acquiring an additional 413 shares during the period.

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.