SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) shares saw unusually-high trading volume on Wednesday . Approximately 2,877,351 shares were traded during mid-day trading, an increase of 791% from the previous session’s volume of 322,895 shares.The stock last traded at $19.0950 and had previously closed at $19.11.

SPDR Bloomberg 1-10 Year TIPS ETF Trading Down 0.1%

The firm’s 50 day moving average is $19.19 and its 200 day moving average is $19.20.

Hedge Funds Weigh In On SPDR Bloomberg 1-10 Year TIPS ETF

A number of hedge funds have recently modified their holdings of TIPX. Aspire Private Capital LLC lifted its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 2.4% during the third quarter. Aspire Private Capital LLC now owns 302,673 shares of the company’s stock valued at $5,839,000 after purchasing an additional 7,205 shares during the last quarter. NewEdge Advisors LLC increased its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 4.2% in the 3rd quarter. NewEdge Advisors LLC now owns 163,804 shares of the company’s stock worth $3,160,000 after purchasing an additional 6,653 shares in the last quarter. State Street Corp raised its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 2.9% during the 3rd quarter. State Street Corp now owns 53,464,321 shares of the company’s stock worth $1,031,327,000 after buying an additional 1,512,836 shares during the period. Qube Research & Technologies Ltd lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% during the third quarter. Qube Research & Technologies Ltd now owns 2,160 shares of the company’s stock valued at $42,000 after buying an additional 1,953 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the third quarter worth about $1,220,000.

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.