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

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 63,327 shares, an increase of 92.3% from the July 30th total of 32,924 shares. Based on an average daily trading volume, of 124,501 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SCUS. Mann Financial Group Inc. acquired a new stake in Schwab Ultra-Short Income ETF during the second quarter worth about $227,000. James Investment Research Inc. boosted its holdings in Schwab Ultra-Short Income ETF by 14.1% in the 1st quarter. James Investment Research Inc. now owns 13,417 shares of the company’s stock valued at $338,000 after purchasing an additional 1,656 shares during the last quarter. WealthPLAN Partners LLC acquired a new position in Schwab Ultra-Short Income ETF in the 4th quarter valued at about $536,000. Waverly Advisors LLC grew 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 buying an additional 3,079 shares during the period. Finally, January Capital Advisors LLC purchased a new stake in shares of Schwab Ultra-Short Income ETF in the 1st quarter valued at approximately $686,000.

Schwab Ultra-Short Income ETF Stock Performance

NYSEARCA SCUS traded down $0.01 on Friday, reaching $25.17. 38,096 shares of the company were exchanged, compared to its average volume of 116,625. The business’s fifty day moving average price is $25.15 and its 200 day moving average price is $25.17. Schwab Ultra-Short Income ETF has a fifty-two week low of $25.10 and a fifty-two week high of $25.33.

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.