Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Short Interest Update

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 18,134 shares, a growth of 297.9% from the April 30th total of 4,557 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 116,511 shares, the days-to-cover ratio is presently 0.2 days.

Schwab Ultra-Short Income ETF Price Performance

Schwab Ultra-Short Income ETF stock remained flat at $25.21 during mid-day trading on Friday. 39,582 shares of the company’s stock traded hands, compared to its average volume of 111,655. Schwab Ultra-Short Income ETF has a one year low of $25.07 and a one year high of $25.33. The business has a 50-day moving average of $25.17 and a two-hundred day moving average of $25.20.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Schwab Ultra-Short Income ETF by 4.4% in 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 period. James Investment Research Inc. increased its position in 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 worth $338,000 after buying an additional 1,656 shares during the period. Anfield Capital Management LLC acquired a new position in Schwab Ultra-Short Income ETF during the third quarter worth approximately $53,000. Waverly Advisors LLC increased its stake in Schwab Ultra-Short Income ETF by 13.2% in the first quarter. Waverly Advisors LLC now owns 26,356 shares of the company’s stock valued at $664,000 after purchasing an additional 3,079 shares during the period. Finally, Savvy Advisors Inc. raised its holdings 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 valued at $441,000 after buying an additional 6,418 shares during the last quarter.

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.