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 significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 403,863 shares, a decrease of 55.1% from the July 30th total of 899,409 shares. Based on an average trading volume of 5,643,355 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Schwab U.S. TIPS ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Archer Investment Corp raised its stake in shares of Schwab U.S. TIPS ETF by 212.2% during the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 660 shares during the last quarter. Field & Main Bank acquired a new position in Schwab U.S. TIPS ETF in the 2nd quarter valued at $33,000. Lloyd Advisory Services LLC. purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $29,000. Ameritas Investment Partners Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 83.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after acquiring an additional 547 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 69.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after acquiring an additional 541 shares during the period.

Schwab U.S. TIPS ETF Stock Down 0.2%

Shares of SCHP traded down $0.05 during midday trading on Monday, reaching $25.88. 3,807,371 shares of the stock were exchanged, compared to its average volume of 4,563,808. The business’s 50-day moving average price is $26.14 and its 200 day moving average price is $26.52. Schwab U.S. TIPS ETF has a twelve month low of $25.87 and a twelve month 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.