iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sees Large Decline in Short Interest

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 453,689 shares, a decline of 74.4% from the September 30th total of 1,772,820 shares. Based on an average daily volume of 969,222 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

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

Several institutional investors have recently bought and sold shares of STIP. Modera Wealth Management LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth about $267,526,000. Envestnet Asset Management Inc. lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 77.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,995,879 shares of the company’s stock valued at $203,899,000 after acquiring an additional 870,609 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 113.7% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 1,560,200 shares of the company’s stock worth $161,371,000 after purchasing an additional 830,200 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 9.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 1,322,733 shares of the company’s stock valued at $135,130,000 after purchasing an additional 113,391 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 14.3% during the third quarter. Farther Finance Advisors LLC now owns 1,278,077 shares of the company’s stock worth $127,424,000 after purchasing an additional 159,586 shares during the period.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA STIP traded up $0.17 during trading on Friday, hitting $101.14. The company’s stock had a trading volume of 667,078 shares, compared to its average volume of 1,161,449. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $99.56 and a fifty-two week high of $104.16. The business’s 50 day simple moving average is $100.40 and its 200-day simple moving average is $102.05.

About iShares 0-5 Year TIPS Bond ETF

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.