iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sees Large Drop in Short Interest

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 371,262 shares, a decline of 41.3% from the March 31st total of 632,256 shares. Based on an average daily volume of 1,216,472 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP traded up $0.07 on Monday, hitting $104.12. The company had a trading volume of 1,680,261 shares, compared to its average volume of 1,371,034. The stock has a fifty day moving average price of $103.37 and a 200-day moving average price of $103.01. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.98 and a 12-month high of $104.16.

Hedge Funds Weigh In On iShares 0-5 Year TIPS Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in STIP. Meridian Wealth Management LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.2% during the third quarter. Meridian Wealth Management LLC now owns 4,602 shares of the company’s stock valued at $476,000 after acquiring an additional 101 shares in the last quarter. Blue Edge Capital LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.4% during the third quarter. Blue Edge Capital LLC now owns 4,798 shares of the company’s stock valued at $496,000 after acquiring an additional 112 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the third quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock valued at $84,000 after acquiring an additional 112 shares in the last quarter. Gilliland Jeter Wealth Management LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 1.1% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 10,210 shares of the company’s stock valued at $1,055,000 after acquiring an additional 115 shares in the last quarter. Finally, BWM Planning LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.0% during the fourth quarter. BWM Planning LLC now owns 5,899 shares of the company’s stock valued at $604,000 after acquiring an additional 118 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.