iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sees Significant Increase in Short Interest

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 9,338,294 shares, a growth of 214.8% from the January 29th total of 2,966,539 shares. Based on an average daily trading volume, of 1,882,270 shares, the days-to-cover ratio is presently 5.0 days. Currently, 7.4% of the shares of the company are short sold. Currently, 7.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,882,270 shares, the days-to-cover ratio is presently 5.0 days.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.1%

Shares of NYSEARCA:STIP traded up $0.12 during mid-day trading on Thursday, reaching $103.18. 248,687 shares of the company traded hands, compared to its average volume of 1,353,174. The company’s 50 day moving average price is $102.65 and its 200-day moving average price is $103.00. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $101.67 and a 52 week high of $103.93.

Institutional Trading of iShares 0-5 Year TIPS Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Rossmore Private Capital purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter valued at $26,000. Chapman Financial Group LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at about $26,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at about $27,000. Caldwell Trust Co bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $29,000. Finally, Kingdom Financial Group LLC. purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth about $29,000.

iShares 0-5 Year TIPS Bond ETF Company Profile

The iShares 0-5 Year TIPS Bond ETF (STIP) 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 (TIPS) with a remaining maturity of less than 5 years. STIP was launched on Dec 1, 2010 and is managed by BlackRock.