Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Short Interest Update

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,027,061 shares, a decline of 18.1% from the December 15th total of 3,697,025 shares. Based on an average daily volume of 3,940,799 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 3,940,799 shares, the days-to-cover ratio is presently 0.8 days.

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

Institutional investors have recently modified their holdings of the stock. Founders Financial Alliance LLC grew its stake in shares of Schwab U.S. TIPS ETF by 392.8% during the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after purchasing an additional 766 shares during the last quarter. Financial Consulate Inc. acquired a new position in Schwab U.S. TIPS ETF during the 3rd quarter worth $29,000. Olistico Wealth LLC bought a new position in Schwab U.S. TIPS ETF in the 4th quarter valued at $30,000. Ameritas Investment Partners Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 83.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after buying an additional 547 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at $32,000.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $26.52 on Tuesday. Schwab U.S. TIPS ETF has a 52 week low of $25.83 and a 52 week high of $27.19. The stock’s fifty day moving average is $26.67 and its 200-day moving average is $26.77.

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.