Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Shares Shorted: Short Interest Down 63.4% in October

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 44,120 shares, a decrease of 63.4% from the September 30th total of 120,489 shares. Based on an average daily volume of 139,156 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Mann Financial Group Inc. purchased a new position in Schwab Ultra-Short Income ETF in the second quarter worth $227,000. Brookstone Capital Management bought a new position in Schwab Ultra-Short Income ETF in the 3rd quarter valued at $253,000. James Investment Research Inc. increased its position in shares of Schwab Ultra-Short Income ETF by 14.1% during the 1st quarter. James Investment Research Inc. now owns 13,417 shares of the company’s stock valued at $338,000 after purchasing an additional 1,656 shares during the last quarter. Grandview Asset Management LLC purchased a new stake in shares of Schwab Ultra-Short Income ETF during the 3rd quarter valued at $363,000. Finally, Waverly Advisors LLC increased its position in shares of Schwab Ultra-Short Income ETF by 13.2% during the 1st 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 last quarter.

Schwab Ultra-Short Income ETF Trading Up 0.1%

Shares of SCUS traded up $0.02 during trading hours on Friday, hitting $25.12. 266,267 shares of the stock were exchanged, compared to its average volume of 119,661. Schwab Ultra-Short Income ETF has a fifty-two week low of $25.01 and a fifty-two week high of $25.33. The business has a 50-day moving average of $25.09 and a 200-day moving average of $25.16.

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.