Short Interest in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Declines By 91.8%
by Teresa Graham · The Cerbat GemiShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 632,256 shares, a decrease of 91.8% from the March 15th total of 7,701,271 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,815,570 shares, the days-to-cover ratio is currently 0.3 days.
iShares 0-5 Year TIPS Bond ETF Trading Up 0.0%
NYSEARCA STIP traded up $0.02 during trading hours on Friday, reaching $103.45. 782,725 shares of the stock traded hands, compared to its average volume of 1,457,411. The stock has a 50 day simple moving average of $103.18 and a two-hundred day simple moving average of $102.97. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $101.67 and a 1 year high of $103.93.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of STIP. BIP Wealth LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 4.9% during the fourth quarter. BIP Wealth LLC now owns 146,607 shares of the company’s stock worth $15,011,000 after purchasing an additional 6,861 shares during the last quarter. Copperleaf Capital LLC purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter worth $827,000. Carr Financial Group Corp raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 64.6% during the third quarter. Carr Financial Group Corp now owns 23,947 shares of the company’s stock worth $2,475,000 after purchasing an additional 9,402 shares during the last quarter. Abacus Planning Group Inc. raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 36.1% during the third quarter. Abacus Planning Group Inc. now owns 469,165 shares of the company’s stock worth $48,493,000 after purchasing an additional 124,335 shares during the last quarter. Finally, Austin Asset Management Co Inc raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 4.1% during the third quarter. Austin Asset Management Co Inc now owns 287,836 shares of the company’s stock worth $29,751,000 after purchasing an additional 11,233 shares during 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.