Short Interest in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Rises By 30.3%

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,966,539 shares, a growth of 30.3% from the January 15th total of 2,275,839 shares. Based on an average trading volume of 1,659,115 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.3% of the shares of the company are short sold. Approximately 2.3% of the shares of the company are short sold. Based on an average trading volume of 1,659,115 shares, the days-to-cover ratio is currently 1.8 days.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of STIP opened at $102.90 on Wednesday. The stock’s fifty day moving average is $102.60 and its 200-day moving average is $103.00. iShares 0-5 Year TIPS Bond ETF has a one year low of $101.67 and a one year high of $103.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. WFA of San Diego LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 50.0% during the fourth quarter. WFA of San Diego LLC now owns 645 shares of the company’s stock valued at $66,000 after purchasing an additional 215 shares during the last quarter. Cardiff Park Advisors LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 8.5% in the fourth quarter. Cardiff Park Advisors LLC now owns 13,200 shares of the company’s stock valued at $1,352,000 after buying an additional 1,034 shares in the last quarter. Townsend Financial Planning LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at $811,000. Kovack Advisors Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 60.0% during the 4th quarter. Kovack Advisors Inc. now owns 3,494 shares of the company’s stock valued at $358,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $4,069,000.

iShares 0-5 Year TIPS Bond ETF Company Profile

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.