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

by · The Markets Daily

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

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $26.60 on Tuesday. Schwab U.S. TIPS ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.19. The firm has a fifty day moving average price of $26.66 and a two-hundred day moving average price of $26.67.

Hedge Funds Weigh In On Schwab U.S. TIPS ETF

A number of institutional investors have recently made changes to their positions in the business. Archer Investment Corp boosted its stake in 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 Schwab U.S. TIPS ETF in the 4th quarter worth approximately $29,000. Olistico Wealth LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth approximately $30,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 83.9% during 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 lifted its holdings in shares of Schwab U.S. TIPS ETF by 69.8% during 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.

Schwab U.S. TIPS ETF Company Profile

(Get Free Report)

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.

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