Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 403,863 shares, a decrease of 55.1% from the July 30th total of 899,409 shares. Based on an average trading volume of 5,643,355 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.
Hedge Funds Weigh In On Schwab U.S. TIPS ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Corient Private Wealth LP grew its holdings in shares of Schwab U.S. TIPS ETF by 33.7% in the second quarter. Corient Private Wealth LP now owns 20,387 shares of the company’s stock valued at $540,000 after acquiring an additional 5,134 shares in the last quarter. Guardian Wealth Advisors LLC NC lifted its holdings in Schwab U.S. TIPS ETF by 35.3% during the second quarter. Guardian Wealth Advisors LLC NC now owns 8,640 shares of the company’s stock worth $229,000 after acquiring an additional 2,256 shares during the period. Aspire Capital Advisors LLC purchased a new position in Schwab U.S. TIPS ETF in the second quarter worth $207,000. HB Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF in the 2nd quarter valued at $407,000. Finally, Northeast Planning Associates INC. NH purchased a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter valued at $2,154,000.
Schwab U.S. TIPS ETF Stock Down 0.4%
Shares of SCHP traded down $0.11 during trading hours on Friday, reaching $25.93. 19,868,832 shares of the stock traded hands, compared to its average volume of 4,571,326. The stock has a fifty day simple moving average of $26.14 and a 200 day simple moving average of $26.52. Schwab U.S. TIPS ETF has a 52 week low of $25.87 and a 52 week high of $27.19.
Schwab U.S. TIPS ETF Company Profile
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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