Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Sees Significant Increase in Short Interest

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

Schwab Ultra-Short Income ETF Price Performance

NYSEARCA SCUS remained flat at $25.21 during trading on Friday. The company’s stock had a trading volume of 39,582 shares, compared to its average volume of 111,655. The business’s fifty day moving average is $25.17 and its 200 day moving average is $25.20. Schwab Ultra-Short Income ETF has a 52 week low of $25.07 and a 52 week high of $25.33.

Institutional Investors Weigh In On Schwab Ultra-Short Income ETF

Several institutional investors have recently modified their holdings of SCUS. Anfield Capital Management LLC purchased a new position in Schwab Ultra-Short Income ETF in the third quarter valued at $53,000. Savvy Advisors Inc. purchased a new stake in Schwab Ultra-Short Income ETF during the 3rd quarter worth about $280,000. James Investment Research Inc. acquired a new position in shares of Schwab Ultra-Short Income ETF during the 4th quarter worth about $296,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 in the last quarter. Finally, WealthPLAN Partners LLC purchased a new position in shares of Schwab Ultra-Short Income ETF in the 4th quarter valued at about $536,000.

Schwab Ultra-Short Income ETF Company Profile

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.