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

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 804 shares, a decline of 84.2% from the June 15th total of 5,095 shares. Based on an average daily trading volume, of 135,167 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Schwab Ultra-Short Income ETF Stock Performance

Shares of SCUS stock remained flat at $25.12 on Monday. The stock had a trading volume of 120,343 shares, compared to its average volume of 115,193. The company’s fifty day moving average price is $25.16 and its 200-day moving average price is $25.18. Schwab Ultra-Short Income ETF has a 12 month low of $25.10 and a 12 month high of $25.33.

Institutional Trading of Schwab Ultra-Short Income ETF

Several institutional investors have recently added to or reduced their stakes in SCUS. Goldman Sachs Group Inc. increased its position in Schwab Ultra-Short Income ETF by 104.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 86,715 shares of the company’s stock valued at $2,183,000 after purchasing an additional 44,368 shares during the period. Kaizen Financial Strategies bought a new stake in shares of Schwab Ultra-Short Income ETF in the 1st quarter valued at $1,993,000. January Capital Advisors LLC bought a new stake in shares of Schwab Ultra-Short Income ETF in the 1st quarter valued at $686,000. Waverly Advisors LLC boosted its stake in shares of Schwab Ultra-Short Income ETF by 13.2% in the 1st quarter. Waverly Advisors LLC now owns 26,356 shares of the company’s stock valued at $664,000 after purchasing an additional 3,079 shares during the last quarter. Finally, WealthPLAN Partners LLC acquired a new stake in shares of Schwab Ultra-Short Income ETF during the fourth 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.