Short Interest in Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Increases By 29.0%

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 16,669 shares, a growth of 29.0% from the January 29th total of 12,924 shares. Based on an average daily trading volume, of 101,495 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 101,495 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Schwab Ultra-Short Income ETF

Large investors have recently bought and sold shares of the business. Concurrent Investment Advisors LLC acquired a new stake in shares of Schwab Ultra-Short Income ETF in the 3rd quarter valued at about $2,103,000. Goldman Sachs Group Inc. lifted its stake in Schwab Ultra-Short Income ETF by 104.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 86,715 shares of the company’s stock valued at $2,183,000 after buying an additional 44,368 shares during the last quarter. WealthPLAN Partners LLC acquired a new stake in shares of Schwab Ultra-Short Income ETF in the fourth quarter valued at approximately $536,000. Kingsview Wealth Management LLC boosted its holdings 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 acquiring an additional 16,943 shares during the period. Finally, James Investment Research Inc. purchased a new position in shares of Schwab Ultra-Short Income ETF during the fourth quarter worth approximately $296,000.

Schwab Ultra-Short Income ETF Trading Down 0.4%

Shares of Schwab Ultra-Short Income ETF stock opened at $25.19 on Tuesday. Schwab Ultra-Short Income ETF has a 52-week low of $25.04 and a 52-week high of $27.18. The company has a 50 day moving average of $25.22 and a 200 day moving average of $25.21.

Schwab Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 6th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.078 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, March 2nd.

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.