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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Anfield Capital Management LLC acquired a new position in shares of Schwab Ultra-Short Income ETF during the third quarter worth about $53,000. Savvy Advisors Inc. acquired a new position in shares of Schwab Ultra-Short Income ETF during the third quarter worth about $280,000. James Investment Research Inc. purchased a new stake in shares of Schwab Ultra-Short Income ETF during the fourth quarter valued at approximately $296,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Schwab Ultra-Short Income ETF by 4.4% during the third 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 purchased a new stake in shares of Schwab Ultra-Short Income ETF during the fourth quarter valued at approximately $536,000.

Schwab Ultra-Short Income ETF Price Performance

SCUS traded down $0.01 during trading on Tuesday, hitting $25.16. 93,003 shares of the company’s stock were exchanged, compared to its average volume of 120,157. Schwab Ultra-Short Income ETF has a 1 year low of $25.04 and a 1 year high of $25.33. The stock has a 50 day moving average price of $25.19 and a 200 day moving average price of $25.20.

Schwab Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed 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. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd.

About Schwab Ultra-Short Income ETF

(Get Free Report)

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.

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