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

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 7,438,249 shares, a drop of 20.3% from the February 12th total of 9,338,294 shares. Approximately 5.9% of the shares of the company are sold short. Based on an average daily trading volume, of 783,592 shares, the days-to-cover ratio is presently 9.5 days. Based on an average daily trading volume, of 783,592 shares, the days-to-cover ratio is presently 9.5 days. Approximately 5.9% of the shares of the company are sold short.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.0%

STIP stock traded up $0.02 during midday trading on Friday, reaching $103.38. 1,646,144 shares of the company’s stock traded hands, compared to its average volume of 1,393,940. iShares 0-5 Year TIPS Bond ETF has a 52-week low of $101.67 and a 52-week high of $103.93. The stock’s 50-day moving average is $102.87 and its 200 day moving average is $103.01.

Institutional Investors Weigh In On iShares 0-5 Year TIPS Bond ETF

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