Short Interest in Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Drops By 88.2%

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 5,828 shares, a drop of 88.2% from the March 31st total of 49,356 shares. Based on an average trading volume of 113,206 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Schwab Ultra-Short Income ETF

A number of hedge funds have recently added to or reduced their stakes in SCUS. Anfield Capital Management LLC acquired a new stake in Schwab Ultra-Short Income ETF in the third quarter valued at approximately $53,000. Savvy Advisors Inc. acquired a new position in shares of Schwab Ultra-Short Income ETF during the 3rd quarter worth $280,000. James Investment Research Inc. bought a new position in shares of Schwab Ultra-Short Income ETF during the 4th quarter valued at $296,000. Wealth Enhancement Advisory Services LLC raised its holdings 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 valued at $383,000 after purchasing an additional 643 shares in the last quarter. Finally, WealthPLAN Partners LLC acquired a new stake in shares of Schwab Ultra-Short Income ETF in the 4th quarter valued at $536,000.

Schwab Ultra-Short Income ETF Stock Performance

NYSEARCA SCUS traded up $0.01 on Friday, reaching $25.20. The stock had a trading volume of 57,836 shares, compared to its average volume of 115,847. Schwab Ultra-Short Income ETF has a 1 year low of $25.07 and a 1 year high of $25.33. The business has a 50 day moving average price of $25.19 and a 200 day moving average price of $25.20.

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.