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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPXGet Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 349,963 shares, a growth of 490.7% from the June 30th total of 59,241 shares. Based on an average daily volume of 349,116 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter worth $35,000. Qube Research & Technologies Ltd increased its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% in the third quarter. Qube Research & Technologies Ltd now owns 2,160 shares of the company’s stock worth $42,000 after acquiring an additional 1,953 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter worth about $53,000. PNC Financial Services Group Inc. lifted its stake in shares of 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, Western Wealth Management LLC acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter worth about $119,000.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

TIPX stock opened at $18.69 on Monday. SPDR Bloomberg 1-10 Year TIPS ETF has a 1 year low of $18.68 and a 1 year high of $19.41. The stock’s 50 day moving average price is $18.91 and its 200 day moving average price is $19.10.

About SPDR Bloomberg 1-10 Year TIPS ETF

(Get Free Report)

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.

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