Schwab Ultra-Short Income ETF (NYSEARCA:SCUS – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 44,120 shares, a drop of 63.4% from the September 30th total of 120,489 shares. Based on an average daily volume of 139,156 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are sold short.
Schwab Ultra-Short Income ETF Trading Up 0.1%
SCUS stock traded up $0.03 during midday trading on Thursday, reaching $25.11. 41,321 shares of the company were exchanged, compared to its average volume of 118,983. Schwab Ultra-Short Income ETF has a one year low of $25.01 and a one year high of $25.33. The business has a 50-day moving average price of $25.10 and a two-hundred day moving average price of $25.16.
Institutional Trading of Schwab Ultra-Short Income ETF
Several institutional investors and hedge funds have recently modified their holdings of SCUS. Mann Financial Group Inc. acquired a new stake in shares of Schwab Ultra-Short Income ETF in the 2nd quarter valued at approximately $227,000. Brookstone Capital Management acquired a new position in Schwab Ultra-Short Income ETF during the 3rd quarter worth approximately $253,000. James Investment Research Inc. increased its position in Schwab Ultra-Short Income ETF by 14.1% during the 1st quarter. James Investment Research Inc. now owns 13,417 shares of the company’s stock worth $338,000 after purchasing an additional 1,656 shares in the last quarter. Grandview Asset Management LLC bought a new position in Schwab Ultra-Short Income ETF in the 3rd quarter valued at approximately $363,000. Finally, Waverly Advisors LLC boosted its position in 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 buying an additional 3,079 shares in the last quarter.
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.
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