Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) was the target of a large drop in short interest in 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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,835,990 shares, the short-interest ratio is currently 0.1 days.
Schwab U.S. TIPS ETF Stock Up 0.2%
Shares of SCHP stock traded up $0.05 during mid-day trading on Thursday, hitting $26.29. 2,346,644 shares of the stock traded hands, compared to its average volume of 4,481,582. Schwab U.S. TIPS ETF has a twelve month low of $26.23 and a twelve month high of $27.19. The company’s 50-day simple moving average is $26.64 and its 200-day simple moving average is $26.66.
Hedge Funds Weigh In On Schwab U.S. TIPS ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lincoln National Corp increased its stake in shares of Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after purchasing an additional 5,726,082 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 839.0% in the fourth quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock worth $93,950,000 after purchasing an additional 3,168,924 shares in the last quarter. Nepc LLC boosted its holdings in Schwab U.S. TIPS ETF by 64.9% in the fourth quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock worth $200,585,000 after purchasing an additional 2,980,022 shares in the last quarter. Quadratic Capital Management LLC increased its position in Schwab U.S. TIPS ETF by 23.2% during the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after buying an additional 2,732,156 shares during the last quarter. Finally, Valpey Financial Services LLC raised its holdings in Schwab U.S. TIPS ETF by 2,722.6% during the fourth quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock valued at $52,210,000 after buying an additional 1,901,111 shares in 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.
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