Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Short Interest Up 218.9% in January

by · The Markets Daily

Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 9,652,320 shares, a growth of 218.9% from the December 31st total of 3,027,061 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,796,581 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 5,796,581 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.7% of the shares of the stock are sold short.

Schwab U.S. TIPS ETF Stock Performance

SCHP remained flat at $26.64 during mid-day trading on Friday. The company had a trading volume of 5,414,604 shares, compared to its average volume of 5,934,935. The firm’s fifty day moving average price is $26.62 and its two-hundred day moving average price is $26.77. Schwab U.S. TIPS ETF has a 1 year low of $25.83 and a 1 year high of $27.19.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on Schwab U.S. TIPS ETF

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

Several institutional investors have recently added to or reduced their stakes in the business. Prentice Wealth Management LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 13.0% during the fourth quarter. Prentice Wealth Management LLC now owns 1,115,313 shares of the company’s stock worth $29,545,000 after buying an additional 128,384 shares during the period. Joseph Group Capital Management lifted its holdings in Schwab U.S. TIPS ETF by 6.5% in the fourth quarter. Joseph Group Capital Management now owns 997,851 shares of the company’s stock valued at $26,433,000 after acquiring an additional 60,759 shares during the period. Bogart Wealth LLC boosted its position in shares of Schwab U.S. TIPS ETF by 515.5% during the 4th quarter. Bogart Wealth LLC now owns 5,860 shares of the company’s stock worth $155,000 after purchasing an additional 4,908 shares in the last quarter. Pure Portfolios Holdings LLC grew its stake in shares of Schwab U.S. TIPS ETF by 5.3% during the 4th quarter. Pure Portfolios Holdings LLC now owns 21,761 shares of the company’s stock worth $576,000 after purchasing an additional 1,099 shares during the period. Finally, Kohmann Bosshard Financial Services LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 6.4% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 1,362,638 shares of the company’s stock valued at $36,145,000 after purchasing an additional 81,642 shares in the last quarter.

Schwab U.S. TIPS ETF Company Profile

(Get Free Report)

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.

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