Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 761,856 shares, a decline of 87.9% from the May 14th total of 6,294,949 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 4,442,408 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On Schwab U.S. TIPS ETF
Several institutional investors have recently added to or reduced their stakes in SCHP. Founders Financial Alliance LLC increased its position in Schwab U.S. TIPS ETF by 392.8% in the 3rd quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after acquiring an additional 766 shares during the period. Archer Investment Corp increased its position in Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 660 shares during the period. Lloyd Advisory Services LLC. acquired a new position in Schwab U.S. TIPS ETF in the 4th quarter valued at about $29,000. Olistico Wealth LLC acquired a new position in Schwab U.S. TIPS ETF in the 4th quarter valued at about $30,000. Finally, Ameritas Investment Partners Inc. increased its position in 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 valued at $32,000 after acquiring an additional 547 shares during the period.
Schwab U.S. TIPS ETF Stock Performance
SCHP stock traded up $0.06 during trading on Tuesday, hitting $26.48. The company had a trading volume of 3,460,265 shares, compared to its average volume of 4,411,884. Schwab U.S. TIPS ETF has a 1-year low of $26.23 and a 1-year high of $27.19. The firm has a 50-day moving average price of $26.72 and a 200-day moving average price of $26.70.
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.
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