iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Short Interest Update

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 990,248 shares, a growth of 410.0% from the April 30th total of 194,160 shares. Based on an average daily trading volume, of 1,015,144 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.7% of the shares of the company are sold short.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA:STIP traded up $0.16 during midday trading on Thursday, reaching $103.62. The stock had a trading volume of 3,072,025 shares, compared to its average volume of 1,323,656. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $101.98 and a 1-year high of $104.16. The firm’s fifty day simple moving average is $103.52 and its 200-day simple moving average is $103.05.

Institutional Trading of iShares 0-5 Year TIPS Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,319,880 shares of the company’s stock valued at $343,143,000 after acquiring an additional 74,802 shares in the last quarter. Modera Wealth Management LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 7.2% during the 1st quarter. Modera Wealth Management LLC now owns 2,442,854 shares of the company’s stock valued at $252,664,000 after acquiring an additional 163,586 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% during the 1st quarter. Ritholtz Wealth Management now owns 2,409,803 shares of the company’s stock valued at $249,246,000 after acquiring an additional 153,948 shares in the last quarter. Bank of America Corp DE boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 8.7% during the 3rd quarter. Bank of America Corp DE now owns 1,755,257 shares of the company’s stock valued at $181,423,000 after acquiring an additional 140,223 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 113.7% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock valued at $161,371,000 after acquiring an additional 830,200 shares in the last quarter.

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.