iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Short Interest Down 20.3% in February

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 7,438,249 shares, a decrease of 20.3% from the February 12th total of 9,338,294 shares. Currently, 5.9% of the company’s shares are short sold. Based on an average trading volume of 783,592 shares, the days-to-cover ratio is currently 9.5 days. Based on an average trading volume of 783,592 shares, the days-to-cover ratio is currently 9.5 days. Currently, 5.9% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares 0-5 Year TIPS Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 344.5% in the second quarter. Bank of New York Mellon Corp now owns 206,019 shares of the company’s stock worth $21,201,000 after buying an additional 159,675 shares during the period. Vise Technologies Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $346,000. PNC Financial Services Group Inc. grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 176,562 shares of the company’s stock worth $18,170,000 after acquiring an additional 11,239 shares during the period. Foundations Investment Advisors LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 302.9% in the 2nd quarter. Foundations Investment Advisors LLC now owns 60,836 shares of the company’s stock worth $6,261,000 after acquiring an additional 45,736 shares in the last quarter. Finally, Security Financial Services INC. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter worth approximately $1,049,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP stock traded up $0.08 on Monday, reaching $103.46. The company’s stock had a trading volume of 1,076,707 shares, compared to its average volume of 1,387,594. The business has a fifty day simple moving average of $102.89 and a two-hundred day simple moving average of $103.00. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.67 and a 12-month high of $103.93.

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.