Short Interest in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Grows By 130.8%

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 920,846 shares, an increase of 130.8% from the June 15th total of 399,053 shares. Based on an average daily volume of 4,428,358 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Schwab U.S. TIPS ETF Stock Down 0.1%

Shares of SCHP stock traded down $0.03 on Thursday, hitting $26.18. The company’s stock had a trading volume of 1,300,035 shares, compared to its average volume of 4,430,934. Schwab U.S. TIPS ETF has a fifty-two week low of $26.14 and a fifty-two week high of $27.19. The firm’s fifty day moving average price is $26.52 and its 200-day moving average price is $26.64.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BlueSky Wealth Advisors LLC grew its stake in Schwab U.S. TIPS ETF by 8.1% in the 4th quarter. BlueSky Wealth Advisors LLC now owns 1,499,610 shares of the company’s stock valued at $39,725,000 after buying an additional 112,608 shares during the last quarter. Avior Wealth Management LLC lifted its position in Schwab U.S. TIPS ETF by 8.8% during the 4th quarter. Avior Wealth Management LLC now owns 914,332 shares of the company’s stock worth $24,221,000 after acquiring an additional 73,692 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 606.7% during the fourth quarter. Farther Finance Advisors LLC now owns 190,389 shares of the company’s stock valued at $5,043,000 after acquiring an additional 163,447 shares during the period. Dorato Capital Management bought a new stake in Schwab U.S. TIPS ETF during the fourth quarter valued at about $6,700,000. Finally, Decker Retirement Planning Inc. grew its position in shares of Schwab U.S. TIPS ETF by 17.3% in the first quarter. Decker Retirement Planning Inc. now owns 143,728 shares of the company’s stock valued at $3,825,000 after purchasing an additional 21,239 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.