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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) was the target of a significant increase in short interest in 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. Based on an average daily trading volume, of 349,116 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are sold short.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

Shares of NYSEARCA:TIPX traded up $0.01 on Friday, hitting $18.69. The company’s stock had a trading volume of 135,824 shares, compared to its average volume of 377,008. The company has a 50-day simple moving average of $18.91 and a 200 day simple moving average of $19.10. SPDR Bloomberg 1-10 Year TIPS ETF has a 1 year low of $18.68 and a 1 year high of $19.41.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Balboa Wealth Partners lifted its position in SPDR Bloomberg 1-10 Year TIPS ETF by 2.9% during the fourth quarter. Balboa Wealth Partners now owns 19,297 shares of the company’s stock valued at $368,000 after purchasing an additional 535 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 2.4% in the 4th quarter. Signal Advisors Wealth LLC now owns 23,061 shares of the company’s stock worth $440,000 after buying an additional 544 shares during the last quarter. Brookstone Capital Management raised its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 1.1% during the 4th quarter. Brookstone Capital Management now owns 54,962 shares of the company’s stock valued at $1,049,000 after buying an additional 607 shares in the last quarter. Truist Financial Corp raised its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 1.1% during the 4th quarter. Truist Financial Corp now owns 55,781 shares of the company’s stock valued at $1,064,000 after buying an additional 624 shares in the last quarter. Finally, Lockerman Financial Group Inc. lifted its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 4.1% during the 4th quarter. Lockerman Financial Group Inc. now owns 17,850 shares of the company’s stock worth $341,000 after acquiring an additional 698 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.