Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Up 348.5% in May

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 24,136 shares, a growth of 348.5% from the May 14th total of 5,381 shares. Based on an average daily volume of 614,661 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Schwab Fundamental U.S. Small Company ETF Stock Performance

Shares of FNDA stock opened at $37.21 on Friday. Schwab Fundamental U.S. Small Company ETF has a 52-week low of $27.68 and a 52-week high of $37.43. The company has a 50-day simple moving average of $35.33 and a two-hundred day simple moving average of $33.79. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 17.12 and a beta of 1.03.

Institutional Investors Weigh In On Schwab Fundamental U.S. Small Company ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its position in Schwab Fundamental U.S. Small Company ETF by 19.6% in the 1st quarter. Glenmede Trust Co. NA now owns 13,039 shares of the exchange traded fund’s stock worth $423,000 after purchasing an additional 2,135 shares in the last quarter. Western Wealth Management LLC bought a new stake in Schwab Fundamental U.S. Small Company ETF in the 1st quarter worth about $45,000. Bank of America Corp DE grew its position in Schwab Fundamental U.S. Small Company ETF by 1.4% in the 1st quarter. Bank of America Corp DE now owns 900,070 shares of the exchange traded fund’s stock worth $29,189,000 after purchasing an additional 12,819 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Schwab Fundamental U.S. Small Company ETF in the 1st quarter worth about $240,000. Finally, Royal Bank of Canada grew its position in Schwab Fundamental U.S. Small Company ETF by 68.3% in the 1st quarter. Royal Bank of Canada now owns 141,749 shares of the exchange traded fund’s stock worth $4,597,000 after purchasing an additional 57,549 shares in the last quarter.

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.