Short Interest in SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Rises By 490.7%

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) was the target 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 days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

Shares of SPDR Bloomberg 1-10 Year TIPS ETF stock traded up $0.01 during trading on Friday, hitting $18.69. 135,824 shares of the stock were exchanged, compared to its average volume of 377,008. The firm’s 50-day moving average price is $18.91 and its 200 day moving average price is $19.10. SPDR Bloomberg 1-10 Year TIPS ETF has a 12-month low of $18.68 and a 12-month high of $19.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TIPX. KWB Wealth acquired a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter worth about $301,000. Breakwater Capital Group boosted its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 34.4% in the second quarter. Breakwater Capital Group now owns 60,437 shares of the company’s stock valued at $1,144,000 after purchasing an additional 15,475 shares in the last quarter. Midwest Financial Network LLC boosted its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 37.1% in the second quarter. Midwest Financial Network LLC now owns 27,785 shares of the company’s stock valued at $526,000 after purchasing an additional 7,516 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter valued at approximately $264,000. Finally, Western Wealth Management LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter valued at approximately $119,000.

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.