Short Interest in Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Drops By 88.2%
by Jessica Moore · The Cerbat GemSchwab Ultra-Short Income ETF (NYSEARCA:SCUS – Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totaling 5,828 shares, a decline of 88.2% from the March 31st total of 49,356 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 113,206 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Schwab Ultra-Short Income ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in SCUS. Anfield Capital Management LLC acquired a new stake in Schwab Ultra-Short Income ETF during the 3rd quarter worth $53,000. Savvy Advisors Inc. acquired a new stake in Schwab Ultra-Short Income ETF during the 3rd quarter worth $280,000. James Investment Research Inc. acquired a new stake in Schwab Ultra-Short Income ETF during the 4th quarter worth $296,000. Wealth Enhancement Advisory Services LLC boosted its stake 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 during the last quarter. Finally, WealthPLAN Partners LLC purchased a new position in Schwab Ultra-Short Income ETF during the fourth quarter worth approximately $536,000.
Schwab Ultra-Short Income ETF Price Performance
NYSEARCA SCUS traded up $0.01 on Friday, hitting $25.20. The company had a trading volume of 57,836 shares, compared to its average volume of 115,847. The company’s fifty day moving average price is $25.19 and its 200-day moving average price is $25.20. Schwab Ultra-Short Income ETF has a 12-month low of $25.07 and a 12-month 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.