Short Interest in SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Declines By 57.6%

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 151,231 shares, a drop of 57.6% from the January 15th total of 356,575 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 183,828 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 183,828 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

NYSEARCA:TIPX traded up $0.05 during trading hours on Thursday, reaching $19.25. The company’s stock had a trading volume of 255,779 shares, compared to its average volume of 264,920. The stock has a 50 day moving average price of $19.12 and a two-hundred day moving average price of $19.21. SPDR Bloomberg 1-10 Year TIPS ETF has a 12 month low of $18.65 and a 12 month high of $19.41.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Several hedge funds have recently modified their holdings of TIPX. Qube Research & Technologies Ltd grew its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,160 shares of the company’s stock worth $42,000 after buying an additional 1,953 shares during the last quarter. Ballast Advisors LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the 3rd quarter worth $43,000. Jones Financial Companies Lllp raised its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 62.5% in the third quarter. Jones Financial Companies Lllp now owns 2,529 shares of the company’s stock valued at $49,000 after buying an additional 973 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,846 shares of the company’s stock worth $112,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Scotia Capital Inc. purchased a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the third quarter worth about $193,000.

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.