Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Shares Shorted: Short Interest Up 453.4% in September

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 394,939 shares, an increase of 453.4% from the September 15th total of 71,365 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,956,398 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Johnson Bixby & Associates LLC grew its holdings in Schwab Fundamental U.S. Small Company ETF by 39.2% in the first quarter. Johnson Bixby & Associates LLC now owns 298,854 shares of the exchange traded fund’s stock worth $9,692,000 after purchasing an additional 84,221 shares during the period. Solitude Financial Services raised its position in shares of Schwab Fundamental U.S. Small Company ETF by 3.0% in the 1st quarter. Solitude Financial Services now owns 1,029,893 shares of the exchange traded fund’s stock worth $35,573,000 after purchasing an additional 30,300 shares during the last quarter. HORAN Wealth LLC grew its position in 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 purchasing an additional 291,350 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Schwab Fundamental U.S. Small Company ETF during the 2nd quarter valued at about $1,580,000. Finally, Flatrock Wealth Partners LLC bought a new stake in Schwab Fundamental U.S. Small Company ETF during the 1st quarter valued at about $1,668,000.

Schwab Fundamental U.S. Small Company ETF Trading Up 0.2%

Shares of FNDA stock traded up $0.06 during trading hours on Friday, hitting $35.62. 2,444,738 shares of the company were exchanged, compared to its average volume of 1,108,729. Schwab Fundamental U.S. Small Company ETF has a 52-week low of $29.31 and a 52-week high of $38.59. The firm has a fifty day simple moving average of $36.78 and a 200 day simple moving average of $36.17. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 17.12 and a beta of 1.05.

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.