Short Interest in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Grows By 410.0%

by · The Cerbat Gem

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 990,248 shares, a growth of 410.0% from the April 30th total of 194,160 shares. Based on an average trading volume of 1,015,144 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s stock are short sold.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of NYSEARCA STIP traded up $0.05 during midday trading on Friday, hitting $103.67. 2,234,264 shares of the company’s stock were exchanged, compared to its average volume of 1,334,979. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $101.98 and a twelve month high of $104.16. The firm’s fifty day simple moving average is $103.52 and its 200-day simple moving average is $103.06.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STIP. Chapman Financial Group LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $26,000. IFC & Insurance Marketing Inc. purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $27,000. Caldwell Trust Co acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $29,000. Kingdom Financial Group LLC. purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $29,000. Finally, Avalon Trust Co purchased a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth $41,000.

About iShares 0-5 Year TIPS Bond ETF

(Get Free Report)

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.

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