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 significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 9,652,320 shares, an increase of 218.9% from the December 31st total of 3,027,061 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,796,581 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 5,796,581 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.7% of the shares of the stock are short sold.

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 holdings in Schwab U.S. TIPS ETF by 392.8% during the 3rd quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after purchasing an additional 766 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the third quarter valued at approximately $29,000. Olistico Wealth LLC bought a new position in Schwab U.S. TIPS ETF in the 4th quarter valued at $30,000. Bessemer Group Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at $32,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in Schwab U.S. TIPS ETF by 83.9% in the third 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 last quarter.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.

Schwab U.S. TIPS ETF Price Performance

Shares of Schwab U.S. TIPS ETF stock traded up $0.02 on Wednesday, reaching $26.63. The stock had a trading volume of 5,732,157 shares, compared to its average volume of 6,005,537. Schwab U.S. TIPS ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.19. The business’s 50-day moving average price is $26.63 and its two-hundred day moving average price is $26.77.

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.