Short Interest in SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Drops By 46.2%

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 220,024 shares, a decrease of 46.2% from the August 15th total of 408,996 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 299,161 shares, the days-to-cover ratio is currently 0.7 days.

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

Shares of NYSEARCA:TIPX traded up $0.01 during midday trading on Tuesday, reaching $18.42. 160,062 shares of the company’s stock traded hands, compared to its average volume of 373,578. SPDR Bloomberg 1-10 Year TIPS ETF has a 1 year low of $18.40 and a 1 year high of $19.41. The company has a fifty day simple moving average of $18.65 and a two-hundred day simple moving average of $18.96.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TIPX. Sigma Planning Corp lifted its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 4.5% in the 1st quarter. Sigma Planning Corp now owns 19,733 shares of the company’s stock valued at $379,000 after purchasing an additional 847 shares in the last quarter. PCB Capital LLC grew its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 7.4% during the first quarter. PCB Capital LLC now owns 13,751 shares of the company’s stock worth $264,000 after buying an additional 949 shares in the last quarter. RFG Advisory LLC raised its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 4.5% in the second quarter. RFG Advisory LLC now owns 24,170 shares of the company’s stock valued at $458,000 after buying an additional 1,032 shares during the last quarter. Legacy Wealth Partners LLC raised its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 7.8% in the first quarter. Legacy Wealth Partners LLC now owns 16,445 shares of the company’s stock valued at $316,000 after buying an additional 1,192 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 4.7% in the first quarter. Axxcess Wealth Management LLC now owns 36,491 shares of the company’s stock worth $700,000 after buying an additional 1,645 shares in the last quarter.

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.