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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 402,013 shares, a decline of 55.7% from the April 15th total of 907,855 shares. Based on an average trading volume of 271,209 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Several hedge funds have recently added to or reduced their stakes in TIPX. State Street Corp raised its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 4.2% in the 4th quarter. State Street Corp now owns 55,696,115 shares of the company’s stock valued at $1,062,682,000 after acquiring an additional 2,231,794 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the 4th quarter valued at $5,500,000. ST Germain D J Co. Inc. raised its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 13.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 1,464,107 shares of the company’s stock valued at $27,935,000 after acquiring an additional 169,271 shares in the last quarter. Intrua Financial LLC acquired a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the 3rd quarter valued at $2,374,000. Finally, Goldman Sachs Group Inc. raised its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 16.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 865,524 shares of the company’s stock valued at $16,514,000 after acquiring an additional 120,184 shares in the last quarter.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

NYSEARCA:TIPX traded down $0.06 during mid-day trading on Friday, hitting $19.16. 226,682 shares of the stock were exchanged, compared to its average volume of 330,633. The firm’s 50-day simple moving average is $19.23 and its 200 day simple moving average is $19.20. SPDR Bloomberg 1-10 Year TIPS ETF has a fifty-two week low of $18.85 and a fifty-two week high of $19.41.

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.