Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Sees Significant Decline in Short Interest

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 152,747 shares, a drop of 36.2% from the June 30th total of 239,319 shares. Based on an average daily trading volume, of 423,392 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Schwab Fundamental U.S. Small Company ETF

Several institutional investors have recently bought and sold shares of the company. Silver Oak Securities Incorporated grew its stake in shares of Schwab Fundamental U.S. Small Company ETF by 53.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 44,419 shares of the exchange traded fund’s stock worth $1,415,000 after acquiring an additional 15,532 shares during the period. Steele Capital Management Inc. raised 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 valued at $64,505,000 after acquiring an additional 81,671 shares during the period. Johnson Bixby & Associates LLC lifted its holdings in Schwab Fundamental U.S. Small Company ETF by 39.2% during the first quarter. Johnson Bixby & Associates LLC now owns 298,854 shares of the exchange traded fund’s stock valued at $9,692,000 after purchasing an additional 84,221 shares during the last quarter. Prairiewood Capital LLC boosted its position in Schwab Fundamental U.S. Small Company ETF by 8.7% during the fourth quarter. Prairiewood Capital LLC now owns 1,989,955 shares of the exchange traded fund’s stock worth $62,703,000 after purchasing an additional 158,837 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC boosted its position in Schwab Fundamental U.S. Small Company ETF by 2.0% during the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 1,142,826 shares of the exchange traded fund’s stock worth $36,010,000 after purchasing an additional 22,347 shares during the period.

Schwab Fundamental U.S. Small Company ETF Stock Performance

FNDA traded down $0.03 during midday trading on Friday, reaching $37.17. The company had a trading volume of 437,382 shares, compared to its average volume of 953,440. The stock has a market cap of $9.13 billion, a PE ratio of 17.12 and a beta of 1.02. Schwab Fundamental U.S. Small Company ETF has a 12-month low of $28.43 and a 12-month high of $38.29. The business has a 50-day moving average price of $37.01 and a two-hundred day moving average price of $35.10.

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.