Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sees Significant Drop in Short Interest

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 453,093 shares, a drop of 50.8% from the June 30th total of 920,846 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,344,379 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHP. Lincoln National Corp boosted its stake in shares of Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after acquiring an additional 5,726,082 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in shares of Schwab U.S. TIPS ETF by 839.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock valued at $93,950,000 after purchasing an additional 3,168,924 shares in the last quarter. Nepc LLC increased its stake in shares of Schwab U.S. TIPS ETF by 64.9% in the 4th quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock valued at $200,585,000 after purchasing an additional 2,980,022 shares in the last quarter. Valpey Financial Services LLC raised its holdings in Schwab U.S. TIPS ETF by 2,722.6% in the 4th quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock worth $52,210,000 after purchasing an additional 1,901,111 shares during the period. Finally, Arax Advisory Partners acquired a new position in Schwab U.S. TIPS ETF in the 4th quarter worth about $45,636,000.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP traded up $0.03 during trading on Wednesday, hitting $26.14. 3,054,723 shares of the stock traded hands, compared to its average volume of 4,373,475. The company has a fifty day moving average price of $26.42 and a two-hundred day moving average price of $26.61. Schwab U.S. TIPS ETF has a 52-week low of $26.04 and a 52-week high of $27.19.

Schwab U.S. TIPS ETF Company Profile

The Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity. SCHP was launched on Aug 5, 2010 and is managed by Charles Schwab.