Short Interest in Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Increases By 3,744.0%

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 30,906 shares, an increase of 3,744.0% from the June 30th total of 804 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 100,096 shares, the short-interest ratio is presently 0.3 days.

Schwab Ultra-Short Income ETF Price Performance

SCUS opened at $25.16 on Friday. The business has a fifty day moving average price of $25.15 and a 200 day moving average price of $25.18. Schwab Ultra-Short Income ETF has a 12 month low of $25.10 and a 12 month high of $25.33.

Hedge Funds Weigh In On Schwab Ultra-Short Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kaizen Financial Strategies acquired a new stake in Schwab Ultra-Short Income ETF in the first quarter valued at approximately $1,993,000. Goldman Sachs Group Inc. grew its holdings in 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 worth $2,183,000 after acquiring an additional 44,368 shares in the last quarter. January Capital Advisors LLC acquired a new position in Schwab Ultra-Short Income ETF during the 1st quarter worth approximately $686,000. WealthPLAN Partners LLC purchased a new stake in shares of Schwab Ultra-Short Income ETF in the 4th quarter valued at approximately $536,000. Finally, James Investment Research Inc. purchased a new stake in shares of Schwab Ultra-Short Income ETF in the 4th quarter valued at approximately $296,000.

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.