Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Short Interest Down 50.8% in July

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 453,093 shares, a drop of 50.8% from the June 30th total of 920,846 shares. Based on an average daily trading volume, of 4,344,379 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Schwab U.S. TIPS ETF by 211.4% in the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after buying an additional 14,212 shares during the period. AQR Capital Management LLC increased its stake in Schwab U.S. TIPS ETF by 180.7% in the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock valued at $2,049,000 after acquiring an additional 49,056 shares during the period. State Street Corp raised its position in Schwab U.S. TIPS ETF by 3.0% in the second quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after purchasing an additional 76,212 shares in the last quarter. Main Street Financial Solutions LLC raised its position in Schwab U.S. TIPS ETF by 25.5% in the second quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock worth $304,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Schwab U.S. TIPS ETF by 2.9% during the second quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock worth $209,004,000 after purchasing an additional 223,281 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.3%

Schwab U.S. TIPS ETF stock traded up $0.08 during trading hours on Tuesday, hitting $26.13. The stock had a trading volume of 1,534,585 shares, compared to its average volume of 4,375,706. The company has a 50-day moving average of $26.42 and a two-hundred day moving average of $26.62. Schwab U.S. TIPS ETF has a fifty-two week low of $26.04 and a fifty-two week high of $27.19.

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.