SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Short Interest Down 46.2% in August

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 220,024 shares, a decline of 46.2% from the August 15th total of 408,996 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 299,161 shares, the days-to-cover ratio is presently 0.7 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 2nd quarter valued at $1,482,000. Integrated Wealth Concepts LLC acquired a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter worth about $45,000. RFG Advisory LLC boosted its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 4.5% in the second quarter. RFG Advisory LLC now owns 24,170 shares of the company’s stock valued at $458,000 after purchasing an additional 1,032 shares during the period. NewEdge Advisors LLC boosted its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 9.0% in the second quarter. NewEdge Advisors LLC now owns 189,782 shares of the company’s stock valued at $3,593,000 after purchasing an additional 15,678 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 133.1% in the second quarter. IFP Advisors Inc now owns 7,851 shares of the company’s stock worth $149,000 after acquiring an additional 4,483 shares in the last quarter.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

NYSEARCA:TIPX traded up $0.04 during trading hours on Thursday, reaching $18.38. 422,487 shares of the company were exchanged, compared to its average volume of 373,546. The stock’s 50-day moving average is $18.63 and its 200-day moving average is $18.95. SPDR Bloomberg 1-10 Year TIPS ETF has a twelve month low of $18.34 and a twelve month high of $19.37.

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.