Short Interest in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Expands By 98.5%

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 899,409 shares, an increase of 98.5% from the July 15th total of 453,093 shares. Based on an average daily volume of 3,415,043 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP traded down $0.02 during mid-day trading on Friday, hitting $25.94. 4,897,880 shares of the stock traded hands, compared to its average volume of 4,451,235. Schwab U.S. TIPS ETF has a 52 week low of $25.87 and a 52 week high of $27.19. The firm’s 50 day moving average is $26.24 and its two-hundred day moving average is $26.56.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sei Investments Co. boosted its holdings in Schwab U.S. TIPS ETF by 5.3% during the 1st 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 lifted its position in shares of 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 worth $246,138,000 after purchasing an additional 936,063 shares during the last quarter. Evoke Wealth LLC lifted its position in shares of Schwab U.S. TIPS ETF by 16.5% during the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock worth $239,272,000 after purchasing an additional 1,281,394 shares during the last quarter. Lincoln National Corp boosted its stake in shares of Schwab U.S. TIPS ETF by 180.0% during the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after purchasing an additional 5,726,082 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in shares of Schwab U.S. TIPS ETF by 5.5% in the first quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock worth $214,349,000 after purchasing an additional 421,678 shares during 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.