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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 6,320,909 shares, a decline of 37.4% from the February 26th total of 10,103,617 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 4,646,988 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

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

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

Several large investors have recently modified their holdings of the business. Founders Financial Alliance LLC increased its holdings in 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 buying an additional 766 shares during the period. Financial Consulate Inc. purchased a new stake in Schwab U.S. TIPS ETF during the third quarter worth $29,000. Lloyd Advisory Services LLC. bought a new stake in Schwab U.S. TIPS ETF during the 4th quarter valued at $29,000. Olistico Wealth LLC bought a new stake in Schwab U.S. TIPS ETF during the 4th quarter valued at $30,000. Finally, Ameritas Investment Partners Inc. increased its holdings 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 acquiring an additional 547 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock traded down $0.03 during trading on Friday, hitting $26.43. 5,724,072 shares of the stock traded hands, compared to its average volume of 4,799,920. The stock’s fifty day simple moving average is $26.71 and its 200 day simple moving average is $26.78. Schwab U.S. TIPS ETF has a 52-week low of $25.83 and a 52-week high of $27.19.

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.