Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Sees Large Decline in Short Interest

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the target of a significant decline in short interest in 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 trading volume of 135,167 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Schwab Ultra-Short Income ETF Stock Performance

SCUS remained flat at $25.12 during midday trading on Monday. 120,343 shares of the company’s stock were exchanged, compared to its average volume of 115,193. The company’s 50-day simple moving average is $25.16 and its 200-day simple moving average is $25.18. Schwab Ultra-Short Income ETF has a twelve month low of $25.10 and a twelve month high of $25.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. boosted its position in shares of Schwab Ultra-Short Income ETF by 14.1% during the first quarter. James Investment Research Inc. now owns 13,417 shares of the company’s stock valued at $338,000 after buying an additional 1,656 shares during the last quarter. Waverly Advisors LLC boosted its holdings in shares of Schwab Ultra-Short Income ETF by 13.2% during the 1st quarter. Waverly Advisors LLC now owns 26,356 shares of the company’s stock valued at $664,000 after acquiring an additional 3,079 shares during the last quarter. Savvy Advisors Inc. grew its stake in shares of Schwab Ultra-Short Income ETF by 57.9% in the fourth quarter. Savvy Advisors Inc. now owns 17,497 shares of the company’s stock worth $441,000 after acquiring an additional 6,418 shares during the period. WealthPLAN Partners LLC bought a new stake in shares of Schwab Ultra-Short Income ETF in the fourth quarter worth approximately $536,000. Finally, January Capital Advisors LLC purchased a new position in shares of 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.