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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPXGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 249,118 shares, an increase of 903.1% from the May 14th total of 24,835 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 334,158 shares, the short-interest ratio is presently 0.7 days.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Up 0.1%

NYSEARCA:TIPX opened at $18.92 on Wednesday. The business’s 50-day moving average price is $19.18 and its 200 day moving average price is $19.18. SPDR Bloomberg 1-10 Year TIPS ETF has a 52-week low of $18.86 and a 52-week high of $19.41.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter worth about $35,000. Qube Research & Technologies Ltd increased its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,160 shares of the company’s stock worth $42,000 after purchasing an additional 1,953 shares in the last quarter. Ballast Advisors LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the 3rd quarter worth about $43,000. Jones Financial Companies Lllp increased its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 62.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,529 shares of the company’s stock worth $49,000 after purchasing an additional 973 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter valued at approximately $53,000.

About SPDR Bloomberg 1-10 Year TIPS ETF

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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.

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