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

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the target of a significant decrease in short interest in 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. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 139,156 shares, the days-to-cover ratio is presently 0.3 days.

Schwab Ultra-Short Income ETF Stock Up 0.1%

Shares of NYSEARCA SCUS traded up $0.02 during mid-day trading on Friday, hitting $25.12. The company’s stock had a trading volume of 266,267 shares, compared to its average volume of 119,661. Schwab Ultra-Short Income ETF has a one year low of $25.01 and a one year high of $25.33. The company’s fifty day simple moving average is $25.09 and its 200-day simple moving average is $25.16.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. James Investment Research Inc. grew its holdings in shares of Schwab Ultra-Short Income ETF by 3.4% in the 3rd quarter. James Investment Research Inc. now owns 16,844 shares of the company’s stock valued at $423,000 after buying an additional 550 shares during the period. Waverly Advisors LLC raised its stake in shares of Schwab Ultra-Short Income ETF by 13.2% in 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 period. WealthPlan Investment Management LLC raised its position in Schwab Ultra-Short Income ETF by 10.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 35,247 shares of the company’s stock valued at $885,000 after buying an additional 3,225 shares during the last quarter. Mann Financial Group Inc. acquired a new position in Schwab Ultra-Short Income ETF during the 2nd quarter worth approximately $227,000. Finally, Brookstone Capital Management acquired a new position in Schwab Ultra-Short Income ETF during the 3rd quarter worth approximately $253,000.

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.