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

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 63,327 shares, a growth of 92.3% from the July 30th total of 32,924 shares. Based on an average daily volume of 124,501 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.7% of the shares of the stock are sold short.

Schwab Ultra-Short Income ETF Trading Down 0.0%

SCUS stock traded down $0.01 during midday trading on Friday, reaching $25.17. The stock had a trading volume of 38,096 shares, compared to its average volume of 116,625. Schwab Ultra-Short Income ETF has a 52-week low of $25.10 and a 52-week high of $25.33. The company’s fifty day simple moving average is $25.15 and its 200 day simple moving average is $25.17.

Hedge Funds Weigh In On Schwab Ultra-Short Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SCUS. Goldman Sachs Group Inc. grew its stake 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 valued at $2,183,000 after acquiring an additional 44,368 shares in the last quarter. WealthPLAN Partners LLC purchased a new position in Schwab Ultra-Short Income ETF in the 4th quarter worth approximately $536,000. James Investment Research Inc. boosted its holdings 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 worth $338,000 after purchasing an additional 1,656 shares during the last quarter. Kaizen Financial Strategies acquired a new position in shares of Schwab Ultra-Short Income ETF during the 1st quarter worth approximately $1,993,000. Finally, Waverly Advisors LLC grew its position 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 in the last quarter.

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.