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

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIPGet Free Report) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 194,160 shares, a drop of 47.7% from the April 15th total of 371,262 shares. Based on an average trading volume of 1,019,459 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STIP. Rossmore Private Capital bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter valued at approximately $26,000. Chapman Financial Group LLC bought a new position in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at approximately $26,000. IFC & Insurance Marketing Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $27,000. Caldwell Trust Co bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $29,000. Finally, Kingdom Financial Group LLC. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth $29,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

iShares 0-5 Year TIPS Bond ETF stock traded down $0.05 during mid-day trading on Friday, reaching $103.56. The stock had a trading volume of 1,261,436 shares, compared to its average volume of 1,340,123. The company has a 50-day moving average price of $103.52 and a two-hundred day moving average price of $103.03. iShares 0-5 Year TIPS Bond ETF has a one year low of $101.98 and a one year high of $104.16.

About iShares 0-5 Year TIPS Bond ETF

(Get Free Report)

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.

Read More

Receive News & Ratings for iShares 0-5 Year TIPS Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares 0-5 Year TIPS Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.