Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Stock Short Interest Climbs 1,634.3%

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) was the recipient of a large growth in short interest in 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. Based on an average daily volume of 108,966 shares, the short-interest ratio is presently 2.3 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Anchor Investment Management LLC lifted its stake 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 purchasing an additional 702 shares during the last quarter. Cherry Tree Wealth Management LLC boosted its position in Schwab Fundamental International Small Equity ETF by 8.7% during the second quarter. Cherry Tree Wealth Management LLC now owns 195,984 shares of the company’s stock valued at $9,517,000 after purchasing an additional 15,672 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Schwab Fundamental International Small Equity ETF by 3.2% during the second quarter. Sequoia Financial Advisors LLC now owns 12,166 shares of the company’s stock valued at $591,000 after purchasing an additional 372 shares in the last quarter. Waverly Advisors LLC grew its stake in Schwab Fundamental International Small Equity ETF by 11.6% in the second quarter. Waverly Advisors LLC now owns 6,009 shares of the company’s stock valued at $292,000 after purchasing an additional 627 shares during the last quarter. Finally, Asset Allocation Strategies LLC grew its stake in Schwab Fundamental International Small Equity ETF by 2.2% in the second quarter. Asset Allocation Strategies LLC now owns 33,574 shares of the company’s stock valued at $1,630,000 after purchasing an additional 731 shares during the last quarter.

Schwab Fundamental International Small Equity ETF Stock Down 0.5%

FNDC stock traded down $0.24 during trading on Thursday, hitting $49.97. 97,527 shares of the company’s stock traded hands, compared to its average volume of 152,460. The firm has a market capitalization of $3.20 billion, a P/E ratio of 13.87 and a beta of 0.76. The business has a fifty day simple moving average of $50.42 and a two-hundred 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.