Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) Short Interest Update

Schwab Fundamental U.S. Small Company ETF (NYSEARCA:FNDA) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 71,365 shares, a decrease of 51.4% from the August 31st total of 146,941 shares. Based on an average daily trading volume, of 2,345,457 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Schwab Fundamental U.S. Small Company ETF Price Performance

FNDA traded up $0.27 during trading on Thursday, hitting $35.27. 1,966,090 shares of the stock traded hands, compared to its average volume of 1,064,067. The firm has a market capitalization of $8.67 billion, a P/E ratio of 17.12 and a beta of 1.03. The firm has a 50-day moving average of $37.02 and a 200 day moving average of $36.03. Schwab Fundamental U.S. Small Company ETF has a 12-month low of $29.31 and a 12-month high of $38.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FNDA. Envestnet Asset Management Inc. increased its stake in shares of Schwab Fundamental U.S. Small Company ETF by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 61,337 shares of the exchange traded fund’s stock valued at $2,334,000 after purchasing an additional 3,913 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Schwab Fundamental U.S. Small Company ETF by 1.0% during the second quarter. Sequoia Financial Advisors LLC now owns 61,580 shares of the exchange traded fund’s stock valued at $2,344,000 after purchasing an additional 597 shares during the last quarter. Cahill Financial Advisors Inc. boosted its stake in shares of Schwab Fundamental U.S. Small Company ETF by 4.8% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 52,366 shares of the exchange traded fund’s stock worth $1,993,000 after buying an additional 2,397 shares during the last quarter. Gemmer Asset Management LLC increased its position in shares of Schwab Fundamental U.S. Small Company ETF by 1.4% during the 2nd quarter. Gemmer Asset Management LLC now owns 656,112 shares of the exchange traded fund’s stock valued at $24,972,000 after purchasing an additional 9,208 shares during the last quarter. Finally, Capital Advantage Inc. boosted its stake in shares of Schwab Fundamental U.S. Small Company ETF by 5.1% during the 2nd quarter. Capital Advantage Inc. now owns 138,467 shares of the exchange traded fund’s stock worth $5,270,000 after acquiring an additional 6,728 shares during 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.