Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) saw a large 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 company’s stock are short sold. Based on an average trading volume of 6,247,762 shares, the days-to-cover ratio is currently 0.3 days.
Schwab U.S. TIPS ETF Price Performance
Shares of NYSEARCA SCHP traded up $0.01 during midday trading on Monday, reaching $25.20. The company’s stock had a trading volume of 7,156,262 shares, compared to its average volume of 4,822,907. Schwab U.S. TIPS ETF has a fifty-two week low of $25.01 and a fifty-two week high of $27.15. The stock has a 50 day simple moving average of $25.66 and a 200-day simple moving average of $26.23.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in SCHP. Archer Investment Corp increased its stake in shares of Schwab U.S. TIPS ETF by 212.2% during the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 660 shares during the period. First Community Trust NA acquired a new stake in Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $25,000. TOP Private Wealth LLC. bought a new stake in Schwab U.S. TIPS ETF in the 2nd quarter valued at $38,000. CX Institutional bought a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at $44,000. Finally, MidFirst Bank bought a new stake in Schwab U.S. TIPS ETF in the 4th quarter valued at $50,000.
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.
See Also
- Five stocks we like better than Schwab U.S. TIPS ETF
- Salesforce Just Got a Rare Double Upgrade—What Changed?
- OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors
- China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit
- 3 REITs That May Win in a Higher Interest Rate Environment
Receive News & Ratings for Schwab U.S. TIPS ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab U.S. TIPS ETF and related companies with MarketBeat.com's FREE daily email newsletter.
