Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Short Interest Down 87.9% in May

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 761,856 shares, a decline of 87.9% from the May 14th total of 6,294,949 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 4,442,408 shares, the days-to-cover ratio is presently 0.2 days.

Schwab U.S. TIPS ETF Price Performance

SCHP traded up $0.09 during mid-day trading on Thursday, reaching $26.53. 3,072,615 shares of the stock were exchanged, compared to its average volume of 4,386,401. The company has a 50 day moving average price of $26.72 and a two-hundred day moving average price of $26.69. Schwab U.S. TIPS ETF has a 1 year low of $26.27 and a 1 year high of $27.19.

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

A number of hedge funds have recently bought and sold shares of the company. Wealthfront Advisers LLC boosted its holdings in Schwab U.S. TIPS ETF by 11.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 35,688,247 shares of the company’s stock worth $961,798,000 after acquiring an additional 3,718,170 shares during the last quarter. US Bancorp DE boosted its holdings in Schwab U.S. TIPS ETF by 899.8% during the 3rd quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock worth $438,361,000 after acquiring an additional 14,638,820 shares during the last quarter. Quadratic Capital Management LLC boosted its holdings in Schwab U.S. TIPS ETF by 23.2% during the 4th quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after acquiring an additional 2,732,156 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Schwab U.S. TIPS ETF by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,174,158 shares of the company’s stock worth $381,994,000 after acquiring an additional 531,185 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Schwab U.S. TIPS ETF by 5.3% during the 1st quarter. Sei Investments Co. now owns 12,955,292 shares of the company’s stock worth $344,741,000 after acquiring an additional 646,415 shares during the last quarter.

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.