iShares TIPS Bond ETF (NYSEARCA:TIP) saw a large decrease in short interest in September. As of September 28th, there was short interest totalling 433,385 shares, a decrease of 61.6% from the September 14th total of 1,128,893 shares. Based on an average daily trading volume, of 1,182,696 shares, the days-to-cover ratio is currently 0.4 days.
Shares of NYSEARCA TIP traded up $0.26 during mid-day trading on Friday, reaching $108.63. 1,232,367 shares of the company’s stock were exchanged, compared to its average volume of 1,437,288. iShares TIPS Bond ETF has a 52-week low of $107.53 and a 52-week high of $114.31.
The company also recently announced a monthly dividend, which was paid on Wednesday, November 7th. Investors of record on Friday, November 2nd were paid a dividend of $0.0914 per share. This represents a $1.10 annualized dividend and a yield of 1.01%. The ex-dividend date was Thursday, November 1st.
About iShares TIPS Bond ETF
iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).
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