Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Short Interest Update

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 399,053 shares, a decline of 47.6% from the May 31st total of 761,856 shares. Based on an average daily volume of 4,835,990 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Schwab U.S. TIPS ETF Trading Down 1.0%

SCHP stock traded down $0.26 on Wednesday, hitting $26.24. The company had a trading volume of 8,764,126 shares, compared to its average volume of 4,498,780. Schwab U.S. TIPS ETF has a 12-month low of $26.23 and a 12-month high of $27.19. The stock’s 50-day simple moving average is $26.66 and its 200 day simple moving average is $26.66.

Institutional Trading of Schwab U.S. TIPS ETF

A number of hedge funds have recently bought and sold shares of the company. Archer Investment Corp grew its stake in shares of Schwab U.S. TIPS ETF by 212.2% during the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 660 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $29,000. Olistico Wealth LLC bought a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $30,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after buying an additional 547 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after buying an additional 541 shares during the last quarter.

About Schwab U.S. TIPS ETF

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.