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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 222,244 shares, a growth of 47.0% from the January 29th total of 151,231 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 190,957 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 190,957 shares, the short-interest ratio is presently 1.2 days. Approximately 0.2% of the shares of the company are sold short.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

Shares of NYSEARCA TIPX traded up $0.03 during mid-day trading on Friday, reaching $19.35. 127,464 shares of the company traded hands, compared to its average volume of 238,340. SPDR Bloomberg 1-10 Year TIPS ETF has a fifty-two week low of $18.65 and a fifty-two week high of $19.41. The stock has a fifty day simple moving average of $19.16 and a 200-day simple moving average of $19.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd increased its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% in the third quarter. Qube Research & Technologies Ltd now owns 2,160 shares of the company’s stock worth $42,000 after acquiring an additional 1,953 shares during the last quarter. Ballast Advisors LLC acquired a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the third quarter valued at approximately $43,000. Jones Financial Companies Lllp raised its holdings 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 acquiring an additional 973 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,846 shares of the company’s stock worth $112,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Scotia Capital Inc. bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the third quarter valued at approximately $193,000.

About SPDR Bloomberg 1-10 Year TIPS ETF

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.