Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Short Interest Update

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 399,053 shares, a decrease of 47.6% from the May 31st total of 761,856 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,835,990 shares, the days-to-cover ratio is presently 0.1 days.

Schwab U.S. TIPS ETF Price Performance

Shares of Schwab U.S. TIPS ETF stock opened at $26.60 on Tuesday. Schwab U.S. TIPS ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.19. The firm has a fifty day moving average price of $26.66 and a two-hundred day moving average price of $26.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadratic Capital Management LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 23.2% in the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after buying an additional 2,732,156 shares during the period. Sei Investments Co. increased its stake in Schwab U.S. TIPS ETF by 5.3% during the first quarter. Sei Investments Co. now owns 12,955,292 shares of the company’s stock valued at $344,741,000 after acquiring an additional 646,415 shares during the period. Cerity Partners LLC increased its stake in Schwab U.S. TIPS ETF by 11.2% during the fourth quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock valued at $246,138,000 after acquiring an additional 936,063 shares during the period. Evoke Wealth LLC raised its holdings in Schwab U.S. TIPS ETF by 16.5% in the 4th quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after acquiring an additional 1,281,394 shares in the last quarter. Finally, Lincoln National Corp raised its holdings in Schwab U.S. TIPS ETF by 180.0% in the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after acquiring an additional 5,726,082 shares in the last quarter.

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.