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 recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 5,381 shares, a drop of 93.7% from the April 30th total of 85,848 shares. Based on an average daily trading volume, of 4,226,527 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FNDA. Wellington Management Group LLP purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF during the 3rd quarter valued at approximately $15,153,000. HORAN Wealth LLC lifted its position in shares of Schwab Fundamental U.S. Small Company ETF by 102.0% during the 1st quarter. HORAN Wealth LLC now owns 577,082 shares of the exchange traded fund’s stock valued at $18,680,000 after buying an additional 291,350 shares in the last quarter. Mariner LLC lifted its position in shares of Schwab Fundamental U.S. Small Company ETF by 61.6% during the 4th quarter. Mariner LLC now owns 518,355 shares of the exchange traded fund’s stock valued at $16,333,000 after buying an additional 197,637 shares in the last quarter. Winter & Associates Inc. purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF during the 4th quarter valued at approximately $6,044,000. Finally, Marble Wealth LLC purchased a new position in shares of Schwab Fundamental U.S. Small Company ETF during the 4th quarter valued at approximately $6,007,000.

Schwab Fundamental U.S. Small Company ETF Stock Performance

Shares of NYSEARCA:FNDA traded up $0.06 during midday trading on Wednesday, reaching $36.28. 837,096 shares of the company’s stock traded hands, compared to its average volume of 1,159,181. Schwab Fundamental U.S. Small Company ETF has a 1 year low of $27.24 and a 1 year high of $36.51. The company has a market cap of $10.41 billion, a P/E ratio of 17.12 and a beta of 1.05. The company has a fifty day simple moving average of $34.36 and a two-hundred day simple moving average of $33.31.

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.