Short Interest in Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Drops By 74.0%

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 20,056 shares, a decline of 74.0% from the November 30th total of 77,091 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 105,925 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 105,925 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Schwab Ultra-Short Income ETF

Large investors have recently modified their holdings of the business. Kingsview Wealth Management LLC raised its position in shares of Schwab Ultra-Short Income ETF by 23.2% in the second quarter. Kingsview Wealth Management LLC now owns 90,055 shares of the company’s stock valued at $2,268,000 after purchasing an additional 16,943 shares during the period. Concurrent Investment Advisors LLC purchased a new position in Schwab Ultra-Short Income ETF in the 3rd quarter valued at approximately $2,103,000. Mainstream Capital Management LLC grew its stake in Schwab Ultra-Short Income ETF by 88.2% in the 2nd quarter. Mainstream Capital Management LLC now owns 19,483 shares of the company’s stock valued at $491,000 after buying an additional 9,133 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised 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 acquiring an additional 643 shares during the period. Finally, Savvy Advisors Inc. purchased a new stake in shares of Schwab Ultra-Short Income ETF during the third quarter worth $280,000.

Schwab Ultra-Short Income ETF Stock Performance

Shares of SCUS stock remained flat at $25.17 on Friday. The stock had a trading volume of 109,792 shares, compared to its average volume of 98,902. Schwab Ultra-Short Income ETF has a 12 month low of $25.04 and a 12 month high of $27.18. The firm has a 50 day moving average price of $25.21 and a 200 day moving average price of $25.18.

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.