SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Significant Growth in Short Interest

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 349,963 shares, an increase of 490.7% from the June 30th total of 59,241 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 349,116 shares, the days-to-cover ratio is presently 1.0 days.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

NYSEARCA TIPX traded up $0.01 during trading on Friday, hitting $18.69. 135,824 shares of the company’s stock traded hands, compared to its average volume of 377,008. The stock has a fifty day moving average of $18.91 and a two-hundred day moving average of $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 Investors Weigh In On SPDR Bloomberg 1-10 Year TIPS ETF

A number of hedge funds and other institutional investors have recently modified their holdings of TIPX. Hibernia Wealth Partners LLC grew its position in SPDR Bloomberg 1-10 Year TIPS ETF by 105.2% during the 4th quarter. Hibernia Wealth Partners LLC now owns 177,310 shares of the company’s stock worth $3,383,000 after acquiring an additional 90,884 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in SPDR Bloomberg 1-10 Year TIPS ETF by 77.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 120,907 shares of the company’s stock valued at $2,307,000 after purchasing an additional 52,940 shares during the last quarter. Austin Private Wealth LLC boosted its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 14.3% during the fourth quarter. Austin Private Wealth LLC now owns 234,456 shares of the company’s stock valued at $4,473,000 after purchasing an additional 29,305 shares during the period. Brio Consultants LLC boosted its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 6.5% during the fourth quarter. Brio Consultants LLC now owns 946,670 shares of the company’s stock valued at $18,062,000 after purchasing an additional 58,106 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 625.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 132,175 shares of the company’s stock worth $2,522,000 after purchasing an additional 113,948 shares during the last quarter.

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.