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. Based on an average daily trading volume, of 299,161 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors 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. Geneos Wealth Management Inc. acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter valued at $35,000. Integrated Wealth Concepts LLC purchased a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the 2nd quarter valued at about $45,000. Turtle Creek Wealth Advisors LLC acquired a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter valued at about $53,000. Brown Lisle Cummings Inc. boosted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 359.9% during the second quarter. Brown Lisle Cummings Inc. now owns 4,433 shares of the company’s stock worth $84,000 after buying an additional 3,469 shares during the period. Finally, Western Wealth Management LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter worth about $119,000.

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

Shares of NYSEARCA TIPX traded up $0.01 during midday trading on Tuesday, reaching $18.42. 160,062 shares of the stock were exchanged, compared to its average volume of 373,578. The company has a 50 day simple moving average of $18.65 and a 200 day simple moving average of $18.96. SPDR Bloomberg 1-10 Year TIPS ETF has a twelve month low of $18.40 and a twelve month high of $19.41.

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.