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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 1,773,066 shares, an increase of 153.8% from the September 15th total of 698,593 shares. Based on an average trading volume of 6,247,762 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock traded down $0.01 during midday trading on Tuesday, reaching $25.20. 3,494,814 shares of the stock traded hands, compared to its average volume of 4,818,271. The company has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $26.21. Schwab U.S. TIPS ETF has a 12-month low of $25.01 and a 12-month high of $27.15.

Institutional Trading of Schwab U.S. TIPS ETF

Hedge funds have recently made changes to their positions in the business. Fermata Advisors LLC purchased a new stake in shares of Schwab U.S. TIPS ETF in the third quarter valued at approximately $696,000. Avior Wealth Management LLC purchased a new stake in Schwab U.S. TIPS ETF during the third quarter worth about $27,214,000. Baldwin Wealth Partners LLC MA purchased a new stake in Schwab U.S. TIPS ETF during the third quarter worth about $39,649,000. Councilor Wealth LLC acquired a new position in Schwab U.S. TIPS ETF during the third quarter worth about $1,900,000. Finally, Armstrong Advisory Group Inc. grew its position in Schwab U.S. TIPS ETF by 2.9% during the third quarter. Armstrong Advisory Group Inc. now owns 3,629,675 shares of the company’s stock worth $91,214,000 after buying an additional 102,157 shares during the period.

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.