Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sees Significant Growth in Short Interest

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) saw a significant growth in short interest in the month of 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. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,415,043 shares, the days-to-cover ratio is presently 0.3 days.

Schwab U.S. TIPS ETF Stock Down 0.2%

SCHP opened at $25.88 on Tuesday. The stock’s 50 day moving average price is $26.23 and its 200-day moving average price is $26.55. Schwab U.S. TIPS ETF has a one year low of $25.87 and a one year high of $27.19.

Institutional Trading of Schwab U.S. TIPS ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Archer Investment Corp raised its stake in Schwab U.S. TIPS ETF by 212.2% in the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after buying an additional 660 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth $29,000. Ameritas Investment Partners Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 83.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Schwab U.S. TIPS ETF by 69.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock valued at $35,000 after purchasing an additional 541 shares in the last quarter. Finally, LGT Financial Advisors LLC purchased a new position in Schwab U.S. TIPS ETF in the third quarter valued at about $49,000.

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.