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

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 63,327 shares, a growth of 92.3% from the July 30th total of 32,924 shares. Based on an average trading volume of 124,501 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SCUS. James Investment Research Inc. grew its stake in shares of Schwab Ultra-Short Income ETF by 14.1% in the first quarter. James Investment Research Inc. now owns 13,417 shares of the company’s stock worth $338,000 after acquiring an additional 1,656 shares during the last quarter. Waverly Advisors LLC raised its position in shares of Schwab Ultra-Short Income ETF by 13.2% in the 1st quarter. Waverly Advisors LLC now owns 26,356 shares of the company’s stock worth $664,000 after purchasing an additional 3,079 shares during the last quarter. Mann Financial Group Inc. bought a new position in Schwab Ultra-Short Income ETF in the 2nd quarter worth about $227,000. WealthPLAN Partners LLC purchased a new stake in Schwab Ultra-Short Income ETF during the 4th quarter valued at about $536,000. Finally, January Capital Advisors LLC purchased a new stake in Schwab Ultra-Short Income ETF during the 1st quarter valued at about $686,000.

Schwab Ultra-Short Income ETF Price Performance

SCUS stock traded up $0.01 during midday trading on Monday, hitting $25.18. The stock had a trading volume of 188,662 shares, compared to its average volume of 117,059. The business has a 50-day moving average of $25.15 and a two-hundred day moving average of $25.17. Schwab Ultra-Short Income ETF has a 52-week low of $25.10 and a 52-week high of $25.33.

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.