Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Short Interest Up 130.8% in June

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the target of a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 4,428,358 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP traded up $0.02 during trading hours on Tuesday, reaching $26.20. 9,981,005 shares of the company traded hands, compared to its average volume of 4,470,253. The business has a fifty day moving average price of $26.54 and a 200-day moving average price of $26.64. Schwab U.S. TIPS ETF has a 12-month low of $26.14 and a 12-month high of $27.19.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Pine Haven Investment Counsel Inc lifted its holdings in shares of Schwab U.S. TIPS ETF by 0.9% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 42,192 shares of the company’s stock worth $1,118,000 after purchasing an additional 390 shares during the period. Fortis Capital Management LLC increased its holdings in Schwab U.S. TIPS ETF by 1.3% in the 4th quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock worth $815,000 after buying an additional 390 shares during the period. Cassady Wealth & Retirement Planning LLC increased its holdings in Schwab U.S. TIPS ETF by 2.2% in the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 18,461 shares of the company’s stock worth $496,000 after buying an additional 398 shares during the period. Cape Investment Advisory Inc. raised its position in Schwab U.S. TIPS ETF by 21.2% during the 3rd quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock worth $63,000 after buying an additional 412 shares during the last quarter. Finally, Arta Finance Wealth Management LLC raised its position in Schwab U.S. TIPS ETF by 1.8% during the 1st quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock worth $720,000 after buying an additional 474 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.