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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 761,856 shares, a decline of 87.9% from the May 14th total of 6,294,949 shares. Based on an average daily volume of 4,442,408 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Schwab U.S. TIPS ETF Price Performance

SCHP traded up $0.06 during trading on Tuesday, reaching $26.48. The company’s stock had a trading volume of 3,460,265 shares, compared to its average volume of 4,411,884. Schwab U.S. TIPS ETF has a 52-week low of $26.23 and a 52-week high of $27.19. The company’s fifty day moving average price is $26.72 and its 200-day moving average price is $26.70.

Institutional Investors Weigh In On Schwab U.S. TIPS ETF

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. boosted its position in Schwab U.S. TIPS ETF by 4.5% during the 3rd quarter. Assetmark Inc. now owns 2,045,996 shares of the company’s stock worth $55,140,000 after purchasing an additional 88,125 shares during the period. CENTRAL TRUST Co boosted its position in Schwab U.S. TIPS ETF by 14.1% during the 3rd quarter. CENTRAL TRUST Co now owns 7,312,983 shares of the company’s stock worth $197,085,000 after purchasing an additional 901,499 shares during the period. Clearstead Advisors LLC boosted its position in Schwab U.S. TIPS ETF by 34,125.7% during the 3rd quarter. Clearstead Advisors LLC now owns 101,308 shares of the company’s stock worth $2,730,000 after purchasing an additional 101,012 shares during the period. Dorato Capital Management purchased a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth $6,700,000. Finally, BlueSky Wealth Advisors LLC boosted its position in Schwab U.S. TIPS ETF by 8.1% during the 4th quarter. BlueSky Wealth Advisors LLC now owns 1,499,610 shares of the company’s stock worth $39,725,000 after purchasing an additional 112,608 shares during the period.

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.