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

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 49,356 shares, an increase of 46.2% from the March 15th total of 33,758 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 100,475 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Schwab Ultra-Short Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC acquired a new stake in Schwab Ultra-Short Income ETF during the third quarter worth about $2,103,000. Savvy Advisors Inc. acquired a new stake in Schwab Ultra-Short Income ETF during the third quarter worth about $280,000. James Investment Research Inc. acquired a new stake in Schwab Ultra-Short Income ETF during the fourth quarter worth about $296,000. Anfield Capital Management LLC acquired a new stake in Schwab Ultra-Short Income ETF during the third quarter worth about $53,000. Finally, WealthPLAN Partners LLC acquired a new stake in Schwab Ultra-Short Income ETF during the fourth quarter worth about $536,000.

Schwab Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:SCUS traded up $0.01 during midday trading on Wednesday, hitting $25.17. The company’s stock had a trading volume of 54,241 shares, compared to its average volume of 119,240. The business’s 50 day simple moving average is $25.19 and its 200 day simple moving average is $25.20. Schwab Ultra-Short Income ETF has a 12-month low of $25.04 and a 12-month high of $25.33.

Schwab Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.078 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, March 2nd.

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.