Short Interest in SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Declines By 57.6%

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 151,231 shares, a decline of 57.6% from the January 15th total of 356,575 shares. Based on an average daily volume of 183,828 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 183,828 shares, the days-to-cover ratio is currently 0.8 days.

SPDR Bloomberg 1-10 Year TIPS ETF Trading Up 0.3%

Shares of TIPX stock traded up $0.05 during mid-day trading on Thursday, hitting $19.25. 255,779 shares of the stock were exchanged, compared to its average volume of 264,920. SPDR Bloomberg 1-10 Year TIPS ETF has a 52-week low of $18.65 and a 52-week high of $19.41. The firm has a fifty day moving average of $19.12 and a 200 day moving average of $19.21.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd lifted 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 valued at $42,000 after buying an additional 1,953 shares in the last quarter. Ballast Advisors LLC purchased a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 3rd quarter worth approximately $43,000. Jones Financial Companies Lllp raised its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 62.5% during the third quarter. Jones Financial Companies Lllp now owns 2,529 shares of the company’s stock valued at $49,000 after acquiring an additional 973 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,846 shares of the company’s stock valued at $112,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Scotia Capital Inc. purchased a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the third quarter valued at approximately $193,000.

SPDR Bloomberg 1-10 Year TIPS ETF Company Profile

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.