Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Down 93.7% in May

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,381 shares, a drop of 93.7% from the April 30th total of 85,848 shares. Based on an average trading volume of 4,226,527 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

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

A number of institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA boosted its position in Schwab Fundamental U.S. Small Company ETF by 19.6% during the 1st quarter. Glenmede Trust Co. NA now owns 13,039 shares of the exchange traded fund’s stock worth $423,000 after acquiring an additional 2,135 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 1st quarter valued at about $45,000. Bank of America Corp DE lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 1.4% during the 1st quarter. Bank of America Corp DE now owns 900,070 shares of the exchange traded fund’s stock valued at $29,189,000 after buying an additional 12,819 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Schwab Fundamental U.S. Small Company ETF during the 1st quarter valued at about $240,000. Finally, Royal Bank of Canada lifted its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 68.3% during the 1st quarter. Royal Bank of Canada now owns 141,749 shares of the exchange traded fund’s stock valued at $4,597,000 after buying an additional 57,549 shares during the last quarter.

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

NYSEARCA FNDA traded up $0.06 during trading on Thursday, reaching $36.34. 390,711 shares of the company’s stock were exchanged, compared to its average volume of 1,151,572. Schwab Fundamental U.S. Small Company ETF has a fifty-two week low of $27.24 and a fifty-two week high of $36.51. The firm has a market capitalization of $10.42 billion, a PE ratio of 17.12 and a beta of 1.05. The company’s fifty day simple moving average is $34.36 and its 200-day simple moving average is $33.31.

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.