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

Schwab U.S. TIPS ETF (NYSEARCA:SCHPGet Free Report) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 6,320,909 shares, a decrease of 37.4% from the February 26th total of 10,103,617 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 4,646,988 shares, the short-interest ratio is presently 1.4 days.

Schwab U.S. TIPS ETF Stock Down 0.3%

Shares of NYSEARCA:SCHP opened at $26.46 on Friday. The firm’s 50 day simple moving average is $26.71 and its 200-day simple moving average is $26.78. Schwab U.S. TIPS ETF has a one year low of $25.83 and a one year high of $27.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Founders Financial Alliance LLC raised its position 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. bought a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth $29,000. Lloyd Advisory Services LLC. purchased a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter valued at $29,000. Olistico Wealth LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter valued at $30,000. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of 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 in the last quarter.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on SCHP

Schwab U.S. TIPS ETF Company Profile

(Get Free Report)

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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