Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Sees Significant Decline in Short Interest

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 8,301 shares, a decrease of 81.2% from the October 15th total of 44,120 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 108,828 shares, the days-to-cover ratio is currently 0.1 days.

Schwab Ultra-Short Income ETF Stock Performance

Shares of SCUS stock remained flat at $25.04 during trading hours on Friday. The stock had a trading volume of 71,054 shares, compared to its average volume of 119,148. The stock has a fifty day moving average price of $25.07 and a 200 day moving average price of $25.15. Schwab Ultra-Short Income ETF has a 1-year low of $25.01 and a 1-year high of $25.33.

Institutional Trading of Schwab Ultra-Short Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. James Investment Research Inc. lifted its holdings in shares of Schwab Ultra-Short Income ETF by 3.4% during the third quarter. James Investment Research Inc. now owns 16,844 shares of the company’s stock worth $423,000 after purchasing an additional 550 shares during the period. Coastwise Capital Group LLC lifted its stake in shares of Schwab Ultra-Short Income ETF by 10.1% in the third quarter. Coastwise Capital Group LLC now owns 22,906 shares of the company’s stock valued at $575,000 after purchasing an additional 2,096 shares during the period. Waverly Advisors LLC lifted its stake in shares of Schwab Ultra-Short Income ETF by 13.2% in the first quarter. Waverly Advisors LLC now owns 26,356 shares of the company’s stock valued at $664,000 after purchasing an additional 3,079 shares during the period. WealthPlan Investment Management LLC boosted its holdings in Schwab Ultra-Short Income ETF by 10.1% during the third quarter. WealthPlan Investment Management LLC now owns 35,247 shares of the company’s stock worth $885,000 after buying an additional 3,225 shares in the last quarter. Finally, Mann Financial Group Inc. purchased a new stake in shares of Schwab Ultra-Short Income ETF during the 2nd quarter worth approximately $227,000.

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.