Short Interest in Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Expands By 46.2%

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 49,356 shares, a growth of 46.2% from the March 15th total of 33,758 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 100,475 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Schwab Ultra-Short Income ETF

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in shares of Schwab Ultra-Short Income ETF by 104.8% during the fourth 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. Concurrent Investment Advisors LLC acquired a new stake in shares of Schwab Ultra-Short Income ETF during the third quarter valued at about $2,103,000. WealthPLAN Partners LLC acquired a new stake in shares of Schwab Ultra-Short Income ETF during the fourth quarter valued at about $536,000. Savvy Advisors Inc. grew its stake in shares of Schwab Ultra-Short Income ETF by 57.9% during the fourth quarter. Savvy Advisors Inc. now owns 17,497 shares of the company’s stock valued at $441,000 after acquiring an additional 6,418 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Schwab Ultra-Short Income ETF by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,232 shares of the company’s stock valued at $383,000 after buying an additional 643 shares during the last quarter.

Schwab Ultra-Short Income ETF Trading Down 0.0%

Shares of SCUS traded down $0.01 during mid-day trading on Tuesday, reaching $25.16. 93,003 shares of the stock traded hands, compared to its average volume of 120,157. The stock has a fifty day simple moving average of $25.19 and a 200 day simple moving average of $25.20. Schwab Ultra-Short Income ETF has a 12-month low of $25.04 and a 12-month high of $25.33.

Schwab Ultra-Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.078 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.7%.

Schwab Ultra-Short Income ETF Company Profile

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.