iShares TIPS Bond ETF (NYSEARCA:TIP) Short Interest Update

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.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Destination Wealth Management lifted its stake in iShares TIPS Bond ETF by 147.4% during the 3rd quarter. Destination Wealth Management now owns 918 shares of the exchange traded fund’s stock worth $102,000 after acquiring an additional 547 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at about $122,000. Integrated Investment Consultants LLC acquired a new stake in iShares TIPS Bond ETF in the 2nd quarter valued at about $127,000. Truvestments Capital LLC acquired a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $127,000. Finally, Burt Wealth Advisors raised its position in iShares TIPS Bond ETF by 125.2% in the 3rd quarter. Burt Wealth Advisors now owns 1,169 shares of the exchange traded fund’s stock valued at $129,000 after purchasing an additional 650 shares in the last quarter.

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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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