Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Short Interest Down 69.8% in June

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 5,095 shares, a drop of 69.8% from the May 31st total of 16,886 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 135,683 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Anfield Capital Management LLC purchased a new stake in shares of Schwab Ultra-Short Income ETF during the third quarter worth $53,000. Savvy Advisors Inc. grew its position 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 purchasing an additional 6,418 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Schwab Ultra-Short Income ETF in the fourth quarter valued at $296,000. Goldman Sachs Group Inc. raised its stake in shares of Schwab Ultra-Short Income ETF by 104.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 86,715 shares of the company’s stock valued at $2,183,000 after purchasing an additional 44,368 shares during the period. Finally, WealthPLAN Partners LLC bought a new stake in shares of Schwab Ultra-Short Income ETF during the 4th quarter valued at $536,000.

Schwab Ultra-Short Income ETF Price Performance

Shares of SCUS traded down $0.02 during trading hours on Monday, hitting $25.17. The company’s stock had a trading volume of 177,935 shares, compared to its average volume of 116,864. The business has a 50 day simple moving average of $25.17 and a two-hundred day simple moving average of $25.19. Schwab Ultra-Short Income ETF has a 52-week low of $25.09 and a 52-week high of $25.33.

Schwab Ultra-Short Income ETF Company Profile

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.