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

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 115,213 shares, an increase of 81.9% from the August 15th total of 63,327 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 149,720 shares, the short-interest ratio is presently 0.8 days.

Schwab Ultra-Short Income ETF Trading Up 0.1%

NYSEARCA:SCUS traded up $0.02 during midday trading on Wednesday, reaching $25.10. The company had a trading volume of 29,447 shares, compared to its average volume of 116,432. The stock’s fifty day simple moving average is $25.14 and its 200-day simple moving average is $25.16. Schwab Ultra-Short Income ETF has a 12-month low of $25.08 and a 12-month high of $25.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC raised its stake in Schwab Ultra-Short Income ETF by 316.7% during the 2nd quarter. Citadel Advisors LLC now owns 272,901 shares of the company’s stock worth $6,870,000 after acquiring an additional 207,412 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Schwab Ultra-Short Income ETF in the 2nd quarter worth $64,473,000. Mann Financial Group Inc. purchased a new stake in shares of Schwab Ultra-Short Income ETF in the second quarter valued at about $227,000. January Capital Advisors LLC purchased a new stake in shares of Schwab Ultra-Short Income ETF in the first quarter valued at about $686,000. Finally, Waverly Advisors LLC increased its stake in shares of Schwab Ultra-Short Income ETF by 13.2% during the first quarter. Waverly Advisors LLC now owns 26,356 shares of the company’s stock worth $664,000 after acquiring an additional 3,079 shares during the period.

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.