Schwab Ultra-Short Income ETF (NYSEARCA:SCUS – Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 115,213 shares, an increase of 81.9% from the August 15th total of 63,327 shares. Based on an average daily volume of 149,720 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.2% of the company’s stock are sold short.
Schwab Ultra-Short Income ETF Price Performance
SCUS stock traded up $0.02 during mid-day trading on Thursday, hitting $25.09. 113,236 shares of the company were exchanged, compared to its average volume of 117,750. Schwab Ultra-Short Income ETF has a twelve month low of $25.07 and a twelve month high of $25.33. The firm has a fifty day simple moving average of $25.14 and a 200 day simple moving average of $25.16.
Hedge Funds Weigh In On Schwab Ultra-Short Income ETF
A number of hedge funds have recently bought and sold shares of the company. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Schwab Ultra-Short Income ETF in the second quarter valued at about $64,473,000. Citadel Advisors LLC lifted its holdings in Schwab Ultra-Short Income ETF by 316.7% during the 2nd quarter. Citadel Advisors LLC now owns 272,901 shares of the company’s stock worth $6,870,000 after buying an additional 207,412 shares during the last quarter. Kaizen Financial Strategies acquired a new position in shares of Schwab Ultra-Short Income ETF in the 1st quarter worth approximately $1,993,000. January Capital Advisors LLC acquired a new position in shares of Schwab Ultra-Short Income ETF in the 1st quarter worth approximately $686,000. Finally, Waverly Advisors LLC increased its holdings in shares of Schwab Ultra-Short Income ETF by 13.2% in the 1st 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.
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.
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