Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 1,773,066 shares, a growth of 153.8% from the September 15th total of 698,593 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 6,247,762 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SCHP. Ridgewood Investments LLC increased its stake in Schwab U.S. TIPS ETF by 145.4% during the 3rd quarter. Ridgewood Investments LLC now owns 99,933 shares of the company’s stock worth $2,511,000 after acquiring an additional 59,216 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Schwab U.S. TIPS ETF by 2.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,629,675 shares of the company’s stock valued at $91,214,000 after acquiring an additional 102,157 shares in the last quarter. Decker Retirement Planning Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 17.3% during the 1st quarter. Decker Retirement Planning Inc. now owns 143,728 shares of the company’s stock valued at $3,825,000 after acquiring an additional 21,239 shares during the period. Peak Financial Management Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 5.9% during the 1st quarter. Peak Financial Management Inc. now owns 351,526 shares of the company’s stock valued at $9,354,000 after acquiring an additional 19,702 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Schwab U.S. TIPS ETF by 62.1% during the 2nd quarter. NewEdge Advisors LLC now owns 125,424 shares of the company’s stock valued at $3,324,000 after acquiring an additional 48,065 shares during the period.
Schwab U.S. TIPS ETF Trading Up 0.1%
Shares of SCHP stock traded up $0.01 on Monday, hitting $25.20. The company’s stock had a trading volume of 7,156,262 shares, compared to its average volume of 4,822,907. The stock’s 50 day moving average is $25.66 and its 200-day moving average is $26.23. Schwab U.S. TIPS ETF has a fifty-two week low of $25.01 and a fifty-two week high of $27.15.
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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