Short Interest in Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Drops By 81.7%

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 12,924 shares, a drop of 81.7% from the January 15th total of 70,784 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 110,747 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 110,747 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Schwab Ultra-Short Income ETF

Large investors have recently made changes to their positions in the company. Anfield Capital Management LLC acquired a new position in Schwab Ultra-Short Income ETF in the 3rd quarter valued at $53,000. Savvy Advisors Inc. purchased a new stake in shares of Schwab Ultra-Short Income ETF during the third quarter worth $280,000. James Investment Research Inc. acquired a new stake in shares of Schwab Ultra-Short Income ETF in the fourth quarter valued at about $296,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Schwab Ultra-Short Income ETF by 4.4% in the third 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 in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Schwab Ultra-Short Income ETF during the third quarter worth about $2,103,000.

Schwab Ultra-Short Income ETF Price Performance

Shares of SCUS remained flat at $25.20 during mid-day trading on Tuesday. The stock had a trading volume of 62,429 shares, compared to its average volume of 147,923. Schwab Ultra-Short Income ETF has a 1 year low of $25.04 and a 1 year high of $27.18. The company has a 50-day moving average price of $25.20 and a 200 day moving average price of $25.20.

Schwab Ultra-Short Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were given a $0.0866 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.1%. This is a boost from Schwab Ultra-Short Income ETF’s previous monthly dividend of $0.08.

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.