Short interest on TIPS ETF ($TIP) has tripled to ~6% of shares outstanding, signaling investor bearishness on inflation-protected Treasuries amid rising real yields and economic growth expectations.
Macro & Markets ·
Short interest in the TIPS ETF ($TIP) has risen to approximately 6% of shares outstanding, triple the level from late 2025, matching December 2021 peaks when the Federal Reserve was about to begin rate hikes. The metric reflects growing investor skepticism toward inflation-protected Treasuries as real yields climb, driven by expectations of economic strength and rising fiscal pressures. Short interest in the fund peaked near 8% in the second quarter and has remained above 4% throughout the year.