Short Interest in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Expands By 80.9%

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 674,955 shares, a growth of 80.9% from the August 15th total of 373,027 shares. Based on an average daily volume of 917,109 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

iShares 0-5 Year TIPS Bond ETF Stock Down 0.3%

STIP stock traded down $0.28 during trading on Wednesday, hitting $100.01. 1,692,765 shares of the company’s stock traded hands, compared to its average volume of 1,168,929. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $100.01 and a 52 week high of $104.16. The stock has a fifty day moving average price of $100.93 and a two-hundred day moving average price of $102.31.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Buttonwood Financial Group LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 1.8% in the 2nd quarter. Buttonwood Financial Group LLC now owns 6,001 shares of the company’s stock valued at $613,000 after buying an additional 108 shares during the period. United Asset Strategies Inc. raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 1.8% in the 1st quarter. United Asset Strategies Inc. now owns 6,594 shares of the company’s stock valued at $682,000 after buying an additional 119 shares in the last quarter. Breakwater Capital Group lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 0.4% during the 1st quarter. Breakwater Capital Group now owns 28,642 shares of the company’s stock worth $2,962,000 after acquiring an additional 120 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 0.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 29,739 shares of the company’s stock worth $3,085,000 after acquiring an additional 122 shares during the period. Finally, BTG Pactual Asset Management US LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.2% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 6,175 shares of the company’s stock worth $639,000 after acquiring an additional 134 shares in the last quarter.

About iShares 0-5 Year TIPS Bond ETF

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.