Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Sees Significant Increase in Short Interest

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 248,874 shares, a growth of 1,634.3% from the August 31st total of 14,350 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 108,966 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On Schwab Fundamental International Small Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allied Private Wealth LLC purchased a new position in Schwab Fundamental International Small Equity ETF in the 2nd quarter worth approximately $26,000. Anchor Investment Management LLC lifted its holdings in shares of Schwab Fundamental International Small Equity ETF by 234.0% during the 2nd quarter. Anchor Investment Management LLC now owns 1,002 shares of the company’s stock worth $49,000 after acquiring an additional 702 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Schwab Fundamental International Small Equity ETF during the 4th quarter worth $99,000. RMG Wealth Management LLC purchased a new position in Schwab Fundamental International Small Equity ETF in the first quarter worth $111,000. Finally, Root Financial Partners LLC grew its position in Schwab Fundamental International Small Equity ETF by 28.4% in the fourth quarter. Root Financial Partners LLC now owns 2,900 shares of the company’s stock worth $129,000 after acquiring an additional 642 shares in the last quarter.

Schwab Fundamental International Small Equity ETF Price Performance

Shares of NYSEARCA:FNDC traded up $0.27 on Friday, hitting $50.24. The company’s stock had a trading volume of 23,958 shares, compared to its average volume of 151,753. The company has a market capitalization of $3.22 billion, a PE ratio of 13.87 and a beta of 0.76. The company has a 50-day simple moving average of $50.42 and a 200 day simple moving average of $49.24. Schwab Fundamental International Small Equity ETF has a 1 year low of $42.95 and a 1 year high of $51.83.

Schwab Fundamental International Small Equity ETF Company Profile

The Schwab Fundamental International Small Company Index ETF (FNDC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a fundamentally-selected and -weighted Russell index of small firms in developed ex-US markets based on adjusted sales, retained operational cash flow, and dividends\u002Fbuybacks. FNDC was launched on Aug 15, 2013 and is managed by Charles Schwab.