Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) Sees Significant Increase in Short Interest

Schwab Fundamental International Small Equity ETF (NYSEARCA:FNDC) was the target of 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. Based on an average daily trading volume, of 105,991 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.2% of the company’s stock are sold short.

Schwab Fundamental International Small Equity ETF Trading Up 0.3%

FNDC stock opened at $49.69 on Friday. Schwab Fundamental International Small Equity ETF has a twelve month low of $40.40 and a twelve month high of $50.83. The company has a market capitalization of $3.33 billion, a P/E ratio of 13.87 and a beta of 0.75. The firm has a 50 day simple moving average of $49.31 and a 200-day simple moving average of $47.53.

Institutional Trading of Schwab Fundamental International Small Equity ETF

A number of hedge funds have recently made changes to their positions in FNDC. Focus Partners Wealth grew its position in shares of Schwab Fundamental International Small Equity ETF by 254.6% during the fourth quarter. Focus Partners Wealth now owns 504,392 shares of the company’s stock worth $22,471,000 after buying an additional 362,134 shares in the last quarter. Jane Street Group LLC grew its position in shares of Schwab Fundamental International Small Equity ETF by 246.3% during the second quarter. Jane Street Group LLC now owns 457,228 shares of the company’s stock worth $19,226,000 after buying an additional 325,196 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Schwab Fundamental International Small Equity ETF by 512.1% during the third quarter. Citadel Advisors LLC now owns 340,229 shares of the company’s stock worth $15,144,000 after buying an additional 284,641 shares in the last quarter. CWM LLC grew its position in shares of Schwab Fundamental International Small Equity ETF by 7,753.1% during the fourth quarter. CWM LLC now owns 208,029 shares of the company’s stock worth $9,268,000 after buying an additional 205,380 shares in the last quarter. Finally, MorganRosel Wealth Management LLC grew its position in shares of Schwab Fundamental International Small Equity ETF by 3,287.1% during the fourth quarter. MorganRosel Wealth Management LLC now owns 160,447 shares of the company’s stock worth $7,148,000 after buying an additional 155,710 shares in 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.