Short Interest in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Decreases By 50.8%

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 453,093 shares, a drop of 50.8% from the June 30th total of 920,846 shares. Based on an average trading volume of 4,344,379 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Schwab U.S. TIPS ETF Stock Up 0.3%

Schwab U.S. TIPS ETF stock traded up $0.08 during trading hours on Tuesday, reaching $26.13. 1,534,585 shares of the company were exchanged, compared to its average volume of 4,375,706. The stock has a 50-day moving average of $26.42 and a 200 day moving average of $26.62. Schwab U.S. TIPS ETF has a 12 month low of $26.04 and a 12 month high of $27.19.

Hedge Funds Weigh In On Schwab U.S. TIPS ETF

Large investors have recently made changes to their positions in the business. Lincoln National Corp boosted its position in shares of Schwab U.S. TIPS ETF by 180.0% in the first 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 during the period. Beacon Pointe Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 839.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock valued at $93,950,000 after purchasing an additional 3,168,924 shares during the period. Nepc LLC grew its position in Schwab U.S. TIPS ETF by 64.9% in the 4th quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock worth $200,585,000 after purchasing an additional 2,980,022 shares during the last quarter. Valpey Financial Services LLC grew its position in Schwab U.S. TIPS ETF by 2,722.6% in the 4th quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock worth $52,210,000 after purchasing an additional 1,901,111 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in shares of Schwab U.S. TIPS ETF during the 4th quarter worth about $45,636,000.

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.