Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) Short Interest Up 15.4% in February

Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 19,244 shares, a growth of 15.4% from the February 12th total of 16,669 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 90,918 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 90,918 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Schwab Ultra-Short Income ETF Price Performance

SCUS stock opened at $25.17 on Thursday. The firm has a fifty day moving average price of $25.21 and a 200 day moving average price of $25.21. Schwab Ultra-Short Income ETF has a fifty-two week low of $25.04 and a fifty-two week high of $27.18.

Schwab Ultra-Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a dividend of $0.078 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.7%.

Hedge Funds Weigh In On Schwab Ultra-Short Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kingsview Wealth Management LLC increased its holdings in shares of Schwab Ultra-Short Income ETF by 23.2% in the 2nd quarter. Kingsview Wealth Management LLC now owns 90,055 shares of the company’s stock worth $2,268,000 after buying an additional 16,943 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Schwab Ultra-Short Income ETF in the 3rd quarter valued at about $2,103,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Schwab Ultra-Short Income ETF by 4.4% in 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 last quarter. Savvy Advisors Inc. purchased a new position in Schwab Ultra-Short Income ETF in the third quarter worth about $280,000. Finally, Anfield Capital Management LLC purchased a new position in Schwab Ultra-Short Income ETF in the third quarter worth about $53,000.

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.