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

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a large drop in short interest in the month of 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. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 113,206 shares, the days-to-cover ratio is currently 0.1 days.

Schwab Ultra-Short Income ETF Stock Up 0.0%

SCUS stock traded up $0.01 during mid-day trading on Friday, reaching $25.20. 57,836 shares of the stock traded hands, compared to its average volume of 115,847. Schwab Ultra-Short Income ETF has a 52 week low of $25.07 and a 52 week high of $25.33. The business has a 50-day moving average of $25.19 and a two-hundred day moving average of $25.20.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Anfield Capital Management LLC acquired a new position in shares of Schwab Ultra-Short Income ETF during the third quarter worth approximately $53,000. Savvy Advisors Inc. bought a new position in Schwab Ultra-Short Income ETF during the third quarter worth $280,000. James Investment Research Inc. bought a new position in Schwab Ultra-Short Income ETF during the fourth quarter worth $296,000. Wealth Enhancement Advisory Services LLC raised its stake in 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 during the last quarter. Finally, WealthPLAN Partners LLC bought a new stake in Schwab Ultra-Short Income ETF in the 4th quarter valued at $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.