Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 899,409 shares, a growth of 98.5% from the July 15th total of 453,093 shares. Based on an average daily volume of 3,415,043 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.
Schwab U.S. TIPS ETF Stock Down 0.2%
SCHP stock traded down $0.06 on Monday, hitting $25.88. The company’s stock had a trading volume of 6,220,843 shares, compared to its average volume of 4,459,927. The firm has a 50 day moving average of $26.24 and a two-hundred day moving average of $26.56. Schwab U.S. TIPS ETF has a 1 year low of $25.87 and a 1 year high of $27.19.
Institutional Investors Weigh In On Schwab U.S. TIPS ETF
Hedge funds have recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new stake in shares of Schwab U.S. TIPS ETF in the second quarter valued at approximately $609,000. C M Bidwell & Associates Ltd. purchased a new position in Schwab U.S. TIPS ETF in the second quarter worth $3,902,000. City Holding Co. purchased a new position in Schwab U.S. TIPS ETF in the second quarter worth $122,000. Carolina Wealth Advisors LLC lifted its holdings in Schwab U.S. TIPS ETF by 1.4% in the second quarter. Carolina Wealth Advisors LLC now owns 472,871 shares of the company’s stock valued at $12,531,000 after acquiring an additional 6,530 shares during the period. Finally, FC Advisory LLC lifted its holdings in Schwab U.S. TIPS ETF by 2.7% in the second quarter. FC Advisory LLC now owns 339,902 shares of the company’s stock valued at $9,007,000 after acquiring an additional 8,964 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.
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