Short Interest in SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Drops By 50.9%

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 122,310 shares, a drop of 50.9% from the May 31st total of 249,118 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 365,373 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter worth about $119,000. Midwest Financial Network LLC increased its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 39.2% during the first quarter. Midwest Financial Network LLC now owns 20,269 shares of the company’s stock valued at $389,000 after purchasing an additional 5,703 shares during the period. Parallel Advisors LLC acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter valued at $1,116,000. NewEdge Advisors LLC lifted its position in SPDR Bloomberg 1-10 Year TIPS ETF by 1.3% in the first quarter. NewEdge Advisors LLC now owns 174,104 shares of the company’s stock worth $3,341,000 after purchasing an additional 2,183 shares during the period. Finally, McIlrath & Eck LLC acquired a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter worth $4,607,000.

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

Shares of TIPX stock traded down $0.01 during trading hours on Tuesday, reaching $18.95. 4,944,195 shares of the company’s stock were exchanged, compared to its average volume of 381,213. SPDR Bloomberg 1-10 Year TIPS ETF has a fifty-two week low of $18.83 and a fifty-two week high of $19.41. The business has a fifty day moving average price of $19.10 and a 200-day moving average price of $19.15.

SPDR Bloomberg 1-10 Year TIPS ETF Company Profile

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.