iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 246,623 shares, a decline of 75.1% from the May 14th total of 990,248 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,281,684 shares, the short-interest ratio is currently 0.2 days.
iShares 0-5 Year TIPS Bond ETF Trading Down 0.0%
Shares of iShares 0-5 Year TIPS Bond ETF stock traded down $0.02 during trading on Friday, reaching $102.38. The company’s stock had a trading volume of 1,296,735 shares, compared to its average volume of 1,309,339. The business’s fifty day moving average price is $103.36 and its 200-day moving average price is $103.03. iShares 0-5 Year TIPS Bond ETF has a one year low of $102.12 and a one year high of $104.16.
Hedge Funds Weigh In On iShares 0-5 Year TIPS Bond ETF
A number of institutional investors have recently made changes to their positions in STIP. Chapman Financial Group LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $26,000. IFC & Insurance Marketing Inc. acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $27,000. Caldwell Trust Co bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $29,000. Kingdom Financial Group LLC. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $29,000. Finally, Avalon Trust Co acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at $41,000.
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.
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