Short Interest in Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Rises By 15.4%

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 19,244 shares, an increase of 15.4% from the February 12th total of 16,669 shares. Based on an average daily trading volume, of 90,918 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 90,918 shares, the short-interest ratio is currently 0.2 days.

Schwab Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA SCUS opened at $25.18 on Wednesday. The company has a 50-day moving average price of $25.21 and a 200-day moving average price of $25.21. Schwab Ultra-Short Income ETF has a 1 year low of $25.04 and a 1 year high of $27.18.

Schwab Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.078 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SCUS. Anfield Capital Management LLC bought a new stake in Schwab Ultra-Short Income ETF during the third quarter worth $53,000. Savvy Advisors Inc. bought a new position in Schwab Ultra-Short Income ETF during the 3rd quarter valued at $280,000. James Investment Research Inc. purchased a new position in Schwab Ultra-Short Income ETF during the 4th quarter worth $296,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Schwab Ultra-Short Income ETF by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,232 shares of the company’s stock worth $383,000 after acquiring an additional 643 shares during the last quarter. Finally, WealthPLAN Partners LLC bought a new stake in shares of Schwab Ultra-Short Income ETF in the 4th quarter worth $536,000.

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.