Short Interest in Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Increases By 75.4%

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 33,758 shares, a growth of 75.4% from the February 26th total of 19,244 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 105,871 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Schwab Ultra-Short Income ETF

Several institutional investors have recently modified their holdings of the company. Anfield Capital Management LLC bought a new stake in Schwab Ultra-Short Income ETF in the 3rd quarter worth $53,000. Savvy Advisors Inc. bought a new stake in shares of Schwab Ultra-Short Income ETF in the third quarter worth about $280,000. James Investment Research Inc. purchased a new position in Schwab Ultra-Short Income ETF during the 4th quarter valued at about $296,000. Wealth Enhancement Advisory Services LLC increased its holdings in 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 purchasing an additional 643 shares during the period. Finally, WealthPLAN Partners LLC bought a new position in Schwab Ultra-Short Income ETF during the 4th quarter valued at approximately $536,000.

Schwab Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA SCUS remained flat at $25.17 during mid-day trading on Friday. 101,628 shares of the stock were exchanged, compared to its average volume of 120,594. Schwab Ultra-Short Income ETF has a 52 week low of $25.04 and a 52 week high of $27.18. The stock has a 50 day moving average of $25.21 and a 200 day moving average of $25.21.

Schwab Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.078 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a 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.