Short Interest in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Decreases By 75.1%

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 246,623 shares, a decline of 75.1% from the May 14th total of 990,248 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 1,281,684 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of iShares 0-5 Year TIPS Bond ETF

Several hedge funds have recently modified their holdings of STIP. Chapman Financial Group LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at about $26,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $27,000. Caldwell Trust Co bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $29,000. Kingdom Financial Group LLC. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $29,000. Finally, Avalon Trust Co bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 3rd quarter valued at about $41,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA:STIP traded up $0.11 during mid-day trading on Thursday, hitting $102.40. The company had a trading volume of 906,080 shares, compared to its average volume of 1,309,404. The firm has a fifty day moving average price of $103.38 and a 200 day moving average price of $103.03. iShares 0-5 Year TIPS Bond ETF has a one year low of $102.12 and a one year high of $104.16.

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.