iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sees Large Growth in Short Interest

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 521,798 shares, a growth of 111.6% from the May 31st total of 246,623 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 1,015,270 shares, the days-to-cover ratio is currently 0.5 days.

iShares 0-5 Year TIPS Bond ETF Price Performance

iShares 0-5 Year TIPS Bond ETF stock opened at $102.21 on Tuesday. The firm has a 50 day simple moving average of $103.05 and a 200-day simple moving average of $102.97. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $101.83 and a 1-year high of $104.16.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cambridge Associates LLC MA ADV raised its position in iShares 0-5 Year TIPS Bond ETF by 4.8% in the first quarter. Cambridge Associates LLC MA ADV now owns 98,340 shares of the company’s stock valued at $10,171,000 after purchasing an additional 4,487 shares during the period. Robinswood Financial LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 1st quarter valued at $675,000. Stillwater Private Wealth LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 1st quarter worth $2,810,000. NewEdge Advisors LLC grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 60.7% during the 1st quarter. NewEdge Advisors LLC now owns 285,672 shares of the company’s stock worth $29,547,000 after purchasing an additional 107,903 shares during the period. Finally, Blue Edge Capital LLC grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 48.9% during the 1st quarter. Blue Edge Capital LLC now owns 19,183 shares of the company’s stock worth $1,984,000 after purchasing an additional 6,300 shares during the period.

About iShares 0-5 Year TIPS Bond ETF

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.