Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Short Interest Update

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 18,134 shares, an increase of 297.9% from the April 30th total of 4,557 shares. Based on an average daily volume of 116,511 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Schwab Ultra-Short Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Anfield Capital Management LLC purchased a new stake in shares of Schwab Ultra-Short Income ETF in the third quarter worth approximately $53,000. Savvy Advisors Inc. purchased a new position in Schwab Ultra-Short Income ETF in the 3rd quarter worth about $280,000. James Investment Research Inc. purchased a new position in Schwab Ultra-Short Income ETF in the 4th quarter worth about $296,000. Wealth Enhancement Advisory Services LLC increased its stake in Schwab Ultra-Short Income ETF by 4.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,232 shares of the company’s stock worth $383,000 after buying an additional 643 shares during the period. Finally, WealthPLAN Partners LLC purchased a new position in Schwab Ultra-Short Income ETF in the 4th quarter worth about $536,000.

Schwab Ultra-Short Income ETF Trading Down 0.0%

SCUS stock traded down $0.01 during midday trading on Friday, reaching $25.20. 137,936 shares of the company traded hands, compared to its average volume of 112,688. Schwab Ultra-Short Income ETF has a 52-week low of $25.07 and a 52-week high of $25.33. The business has a 50 day moving average of $25.17 and a 200-day moving average of $25.20.

About Schwab Ultra-Short Income ETF

The Schwab Ultra-Short Income ETF (SCUS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in US dollar-denominated, investment grade, short-term debt securities from both domestic and foreign issuers. The fund aims for current income and capital preservation, maintaining a portfolio duration of one year or less SCUS was launched on Aug 13, 2024 and is issued by Charles Schwab.