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

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 16,669 shares, a growth of 29.0% from the January 29th total of 12,924 shares. Based on an average trading volume of 101,495 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 101,495 shares, the days-to-cover ratio is presently 0.2 days.

Schwab Ultra-Short Income ETF Price Performance

Shares of SCUS traded down $0.01 on Wednesday, hitting $25.18. The company’s stock had a trading volume of 92,400 shares, compared to its average volume of 129,545. The firm’s fifty day moving average price is $25.22 and its 200-day moving average price is $25.21. Schwab Ultra-Short Income ETF has a fifty-two week low of $25.04 and a fifty-two week high of $27.18.

Schwab Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 6th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.078 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%.

Institutional Investors Weigh In On Schwab Ultra-Short Income ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings 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 worth $383,000 after purchasing an additional 643 shares in the last quarter. Anfield Capital Management LLC bought a new position in shares of Schwab Ultra-Short Income ETF during the third quarter worth about $53,000. Savvy Advisors Inc. grew its holdings in shares of 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 worth $441,000 after buying an additional 6,418 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Schwab Ultra-Short Income ETF in the fourth quarter valued at approximately $296,000. Finally, Kingsview Wealth Management LLC lifted its position in Schwab Ultra-Short Income ETF by 23.2% during the 2nd quarter. Kingsview Wealth Management LLC now owns 90,055 shares of the company’s stock worth $2,268,000 after buying an additional 16,943 shares in 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.