Short Interest in Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Expands By 135.4%

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 161,153 shares, a growth of 135.4% from the May 14th total of 68,445 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 105,991 shares, the short-interest ratio is presently 1.5 days.

Schwab Fundamental International Small Equity ETF Stock Performance

Schwab Fundamental International Small Equity ETF stock opened at $49.69 on Monday. The stock has a fifty day moving average of $49.31 and a two-hundred day moving average of $47.55. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 13.87 and a beta of 0.75. Schwab Fundamental International Small Equity ETF has a fifty-two week low of $40.40 and a fifty-two week high of $50.83.

Institutional Investors Weigh In On Schwab Fundamental International Small Equity ETF

Several hedge funds have recently made changes to their positions in FNDC. Litman Gregory Wealth Management LLC acquired a new stake in shares of Schwab Fundamental International Small Equity ETF during the fourth quarter worth $33,000. Ares Financial Consulting LLC acquired a new stake in shares of Schwab Fundamental International Small Equity ETF during the fourth quarter worth $35,000. Palisade Asset Management LLC acquired a new stake in shares of Schwab Fundamental International Small Equity ETF during the third quarter worth $43,000. US Bancorp DE boosted its holdings in shares of Schwab Fundamental International Small Equity ETF by 1,623.3% during the third quarter. US Bancorp DE now owns 1,034 shares of the company’s stock worth $46,000 after purchasing an additional 974 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Schwab Fundamental International Small Equity ETF by 75.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,196 shares of the company’s stock worth $53,000 after purchasing an additional 514 shares during the last quarter.

About Schwab Fundamental International Small Equity ETF

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.