Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Short Interest Up 92.3% in August

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a large 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. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 124,501 shares, the short-interest ratio is presently 0.5 days.

Schwab Ultra-Short Income ETF Stock Up 0.0%

Shares of SCUS opened at $25.18 on Tuesday. Schwab Ultra-Short Income ETF has a twelve month low of $25.10 and a twelve month high of $25.33. The company has a 50 day moving average of $25.15 and a 200-day moving average of $25.17.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Mann Financial Group Inc. acquired a new stake in Schwab Ultra-Short Income ETF in the 2nd quarter valued at $227,000. James Investment Research Inc. grew its holdings in shares of Schwab Ultra-Short Income ETF by 14.1% in the 1st quarter. James Investment Research Inc. now owns 13,417 shares of the company’s stock valued at $338,000 after acquiring an additional 1,656 shares in the last quarter. WealthPLAN Partners LLC bought a new position in shares of Schwab Ultra-Short Income ETF in the 4th quarter valued at about $536,000. Waverly Advisors LLC increased 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 acquiring an additional 3,079 shares during the last quarter. Finally, January Capital Advisors LLC bought a new stake in Schwab Ultra-Short Income ETF during the first quarter worth about $686,000.

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.