iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Get Free Report) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 246,623 shares, a drop of 75.1% from the May 14th total of 990,248 shares. Based on an average daily trading volume, of 1,281,684 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short.
iShares 0-5 Year TIPS Bond ETF Trading Down 0.0%
STIP traded down $0.02 on Friday, reaching $102.38. 1,296,735 shares of the company traded hands, compared to its average volume of 1,309,339. iShares 0-5 Year TIPS Bond ETF has a one year low of $102.12 and a one year high of $104.16. The firm has a fifty day simple moving average of $103.36 and a two-hundred day simple moving average of $103.03.
Institutional Investors Weigh In On iShares 0-5 Year TIPS Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Modera Wealth Management LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 7.2% in the 1st quarter. Modera Wealth Management LLC now owns 2,442,854 shares of the company’s stock valued at $252,664,000 after purchasing an additional 163,586 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% in the 1st quarter. Ritholtz Wealth Management now owns 2,409,803 shares of the company’s stock valued at $249,246,000 after purchasing an additional 153,948 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 8.7% in the 3rd quarter. Bank of America Corp DE now owns 1,755,257 shares of the company’s stock valued at $181,423,000 after purchasing an additional 140,223 shares in the last quarter. Adventist Health System Sunbelt Healthcare Corp raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 113.7% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock valued at $161,371,000 after purchasing an additional 830,200 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 8.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,148,502 shares of the company’s stock valued at $117,595,000 after purchasing an additional 86,535 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.
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