SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Significant Growth in Short Interest

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 249,118 shares, a growth of 903.1% from the May 14th total of 24,835 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 334,158 shares, the short-interest ratio is currently 0.7 days.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

TIPX stock traded up $0.03 during trading on Thursday, hitting $18.95. The company had a trading volume of 217,485 shares, compared to its average volume of 332,619. SPDR Bloomberg 1-10 Year TIPS ETF has a 1-year low of $18.90 and a 1-year high of $19.41. The firm has a 50-day moving average price of $19.18 and a 200-day moving average price of $19.18.

Hedge Funds Weigh In On SPDR Bloomberg 1-10 Year TIPS ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 4.2% in the 4th quarter. State Street Corp now owns 55,696,115 shares of the company’s stock valued at $1,062,682,000 after buying an additional 2,231,794 shares in the last quarter. Bank of America Corp DE lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% in the 1st quarter. Bank of America Corp DE now owns 987,334 shares of the company’s stock valued at $18,947,000 after buying an additional 760,257 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the 4th quarter valued at approximately $5,500,000. McIlrath & Eck LLC purchased a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter valued at approximately $4,607,000. Finally, ST Germain D J Co. Inc. lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 13.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 1,464,107 shares of the company’s stock valued at $27,935,000 after buying an additional 169,271 shares in the last quarter.

SPDR Bloomberg 1-10 Year TIPS ETF Company Profile

The SPDR Bloomberg 1-10 Year TIPS ETF (TIPX) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of 1-10 years US Treasury Inflation-Protected Securities (TIPS). TIPX was launched on May 29, 2013 and is managed by State Street.