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

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) was the recipient of a significant 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 shares of the stock are sold short. Based on an average trading volume of 1,015,270 shares, the days-to-cover ratio is currently 0.5 days.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.1%

Shares of NYSEARCA STIP opened at $102.21 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.83 and a 12-month high of $104.16. The company has a 50-day moving average of $103.05 and a 200 day moving average of $102.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STIP. BIP Wealth LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 4.9% in the 4th quarter. BIP Wealth LLC now owns 146,607 shares of the company’s stock worth $15,011,000 after acquiring an additional 6,861 shares during the last quarter. Brooklyn FI LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 27.7% during the 4th quarter. Brooklyn FI LLC now owns 34,664 shares of the company’s stock worth $3,549,000 after acquiring an additional 7,529 shares during the period. Maseco LLP boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.7% during the 4th quarter. Maseco LLP now owns 733,508 shares of the company’s stock valued at $75,100,000 after acquiring an additional 46,249 shares during the last quarter. Investment Partners Asset Management Inc. boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 35.7% during the 4th quarter. Investment Partners Asset Management Inc. now owns 26,606 shares of the company’s stock valued at $2,724,000 after acquiring an additional 6,996 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 66.1% in the fourth quarter. Farther Finance Advisors LLC now owns 738,524 shares of the company’s stock valued at $75,618,000 after purchasing an additional 293,986 shares during the period.

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.