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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 240,300 shares, a decline of 31.2% from the May 15th total of 349,100 shares. Based on an average daily trading volume, of 526,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

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

Several large investors have recently made changes to their positions in TIPX. ST Germain D J Co. Inc. raised its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 12.9% in the first quarter. ST Germain D J Co. Inc. now owns 1,158,911 shares of the company’s stock worth $22,240,000 after acquiring an additional 132,255 shares during the period. Optima Capital LLC purchased a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter valued at about $959,000. NewEdge Advisors LLC raised its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 13.4% in the 1st quarter. NewEdge Advisors LLC now owns 151,245 shares of the company’s stock worth $2,902,000 after purchasing an additional 17,880 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its position in SPDR Bloomberg 1-10 Year TIPS ETF by 5.1% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 225,218 shares of the company’s stock worth $4,322,000 after purchasing an additional 10,935 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 927.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 10,495 shares of the company’s stock valued at $201,000 after purchasing an additional 9,474 shares during the period.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

SPDR Bloomberg 1-10 Year TIPS ETF stock opened at $18.91 on Tuesday. SPDR Bloomberg 1-10 Year TIPS ETF has a 12 month low of $18.34 and a 12 month high of $19.27. The stock’s 50 day simple moving average is $18.97 and its two-hundred day simple moving average is $18.83.

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.