Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Up 348.5% in May

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 24,136 shares, an increase of 348.5% from the May 14th total of 5,381 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 614,661 shares, the days-to-cover ratio is presently 0.0 days.

Schwab Fundamental U.S. Small Company ETF Trading Up 0.9%

Shares of NYSEARCA:FNDA opened at $37.21 on Friday. The stock has a 50 day moving average of $35.33 and a 200 day moving average of $33.79. The company has a market cap of $10.67 billion, a PE ratio of 17.12 and a beta of 1.03. Schwab Fundamental U.S. Small Company ETF has a 12-month low of $27.68 and a 12-month high of $37.43.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Waddell & Associates LLC boosted its stake in 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 worth $88,977,000 after purchasing an additional 41,512 shares during the period. Prairiewood Capital LLC boosted its stake in Schwab Fundamental U.S. Small Company ETF by 3.2% in the 1st quarter. Prairiewood Capital LLC now owns 2,053,795 shares of the exchange traded fund’s stock worth $66,605,000 after purchasing an additional 63,840 shares during the period. Steele Capital Management Inc. boosted its stake in Schwab Fundamental U.S. Small Company ETF by 4.2% in the 4th quarter. Steele Capital Management Inc. now owns 2,047,126 shares of the exchange traded fund’s stock worth $64,505,000 after purchasing an additional 81,671 shares during the period. UBS Group AG boosted its stake in Schwab Fundamental U.S. Small Company ETF by 5.7% in the 4th quarter. UBS Group AG now owns 1,428,932 shares of the exchange traded fund’s stock worth $45,026,000 after purchasing an additional 76,901 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC boosted its stake in Schwab Fundamental U.S. Small Company ETF by 1.3% in the 1st 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 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.