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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 269,770 shares, a growth of 67.6% from the September 30th total of 160,990 shares. Based on an average daily trading volume, of 530,221 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TIPX. Rosenberg Matthew Hamilton purchased a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter valued at approximately $35,000. Integrated Wealth Concepts LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter valued at approximately $45,000. Turtle Creek Wealth Advisors LLC bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter worth approximately $53,000. Finally, Mather Group LLC. bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the third quarter worth approximately $71,000.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

TIPX stock opened at $18.55 on Monday. The business’s fifty day simple moving average is $18.41 and its two-hundred day simple moving average is $18.89. SPDR Bloomberg 1-10 Year TIPS ETF has a twelve month low of $18.16 and a twelve month high of $19.37.

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.