Short Interest in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Expands By 98.5%
by Sarita Garza · The Markets DailySchwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 899,409 shares, a growth of 98.5% from the July 15th total of 453,093 shares. Based on an average daily trading volume, of 3,415,043 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.
Schwab U.S. TIPS ETF Stock Performance
SCHP traded down $0.02 during trading on Friday, hitting $25.94. 4,897,880 shares of the company traded hands, compared to its average volume of 4,451,235. The stock’s 50-day simple moving average is $26.24 and its two-hundred day simple moving average is $26.56. Schwab U.S. TIPS ETF has a 1 year low of $25.87 and a 1 year high of $27.19.
Hedge Funds Weigh In On Schwab U.S. TIPS ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Schwab U.S. TIPS ETF by 211.4% during the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after acquiring an additional 14,212 shares during the last quarter. AQR Capital Management LLC lifted its position in Schwab U.S. TIPS ETF by 180.7% during the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock valued at $2,049,000 after purchasing an additional 49,056 shares during the last quarter. State Street Corp grew its stake in shares of Schwab U.S. TIPS ETF by 3.0% in the 2nd quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after buying an additional 76,212 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 25.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock worth $304,000 after buying an additional 2,312 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Schwab U.S. TIPS ETF by 2.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock worth $209,004,000 after buying an additional 223,281 shares during the last quarter.
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.