Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Down 98.9% in January

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 20,796 shares, a drop of 98.9% from the December 31st total of 1,877,672 shares. Based on an average daily volume of 1,136,577 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,136,577 shares, the days-to-cover ratio is currently 0.0 days.

Schwab Fundamental U.S. Small Company ETF Stock Performance

FNDA traded down $0.11 during trading on Wednesday, hitting $33.52. The stock had a trading volume of 446,307 shares, compared to its average volume of 957,569. The firm has a market capitalization of $9.57 billion, a P/E ratio of 17.12 and a beta of 1.10. Schwab Fundamental U.S. Small Company ETF has a twelve month low of $23.49 and a twelve month high of $34.54. The company’s 50-day moving average price is $32.26 and its 200 day moving average price is $31.19.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FNDA. Vantagepoint Investment Advisers LLC acquired a new position in Schwab Fundamental U.S. Small Company ETF during the 3rd quarter worth approximately $48,804,000. AlphaCore Capital LLC raised its position in Schwab Fundamental U.S. Small Company ETF by 25,486.2% in the second quarter. AlphaCore Capital LLC now owns 897,565 shares of the exchange traded fund’s stock worth $25,715,000 after acquiring an additional 894,057 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Schwab Fundamental U.S. Small Company ETF in the third quarter valued at $15,153,000. HORAN Wealth LLC purchased a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 2nd quarter worth $7,632,000. Finally, Focus Partners Advisor Solutions LLC grew its stake in shares of Schwab Fundamental U.S. Small Company ETF by 88.4% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 390,210 shares of the exchange traded fund’s stock worth $12,051,000 after purchasing an additional 183,044 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.