Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Short Interest Up 3,744.0% in July

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 30,906 shares, a growth of 3,744.0% from the June 30th total of 804 shares. Based on an average trading volume of 100,096 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Schwab Ultra-Short Income ETF Trading Up 0.0%

Schwab Ultra-Short Income ETF stock opened at $25.16 on Friday. Schwab Ultra-Short Income ETF has a one year low of $25.10 and a one year high of $25.33. The stock has a fifty day moving average of $25.15 and a 200 day moving average of $25.18.

Institutional Investors Weigh In On Schwab Ultra-Short Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. James Investment Research Inc. lifted its stake in shares of 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 worth $338,000 after purchasing an additional 1,656 shares during the period. Waverly Advisors LLC grew its position in Schwab Ultra-Short Income ETF by 13.2% during the first 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. Savvy Advisors Inc. increased its holdings in Schwab Ultra-Short Income ETF by 57.9% during the fourth quarter. Savvy Advisors Inc. now owns 17,497 shares of the company’s stock valued at $441,000 after buying an additional 6,418 shares during the last quarter. WealthPLAN Partners LLC purchased a new stake in Schwab Ultra-Short Income ETF during the fourth quarter valued at approximately $536,000. Finally, January Capital Advisors LLC purchased a new stake in Schwab Ultra-Short Income ETF during the first quarter valued at approximately $686,000.

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.