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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 920,846 shares, a growth of 130.8% from the June 15th total of 399,053 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,428,358 shares, the days-to-cover ratio is presently 0.2 days.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP traded up $0.01 during trading hours on Wednesday, hitting $26.21. 2,455,376 shares of the company traded hands, compared to its average volume of 4,455,104. The company’s 50 day moving average price is $26.52 and its 200 day moving average price is $26.64. Schwab U.S. TIPS ETF has a 12 month low of $26.14 and a 12 month high of $27.19.

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

A number of hedge funds have recently made changes to their positions in SCHP. Brighton Jones LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 211.4% in the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after buying an additional 14,212 shares during the period. AQR Capital Management LLC boosted its holdings in Schwab U.S. TIPS ETF by 180.7% during the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after buying an additional 49,056 shares in the last quarter. State Street Corp boosted its holdings in Schwab U.S. TIPS ETF by 3.0% during the second quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after buying an additional 76,212 shares in the last quarter. Main Street Financial Solutions LLC grew its position in Schwab U.S. TIPS ETF by 25.5% during the second quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock valued at $304,000 after buying an additional 2,312 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Schwab U.S. TIPS ETF by 2.9% in the second quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock valued at $209,004,000 after buying an additional 223,281 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.