SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Short Interest Update

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 59,813 shares, an increase of 114.6% from the April 30th total of 27,867 shares. Based on an average trading volume of 333,259 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA SPIP traded up $0.02 during mid-day trading on Friday, reaching $26.09. The stock had a trading volume of 417,159 shares, compared to its average volume of 283,304. The company has a fifty day moving average price of $26.04 and a 200 day moving average price of $26.10. SPDR Portfolio TIPS ETF has a 1 year low of $25.59 and a 1 year high of $26.58.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

A number of hedge funds have recently added to or reduced their stakes in SPIP. State Street Corp raised its stake in SPDR Portfolio TIPS ETF by 114.9% during the 2nd quarter. State Street Corp now owns 3,783,799 shares of the company’s stock valued at $98,606,000 after buying an additional 2,022,696 shares during the last quarter. CWM LLC raised its stake in SPDR Portfolio TIPS ETF by 15.4% during the 4th quarter. CWM LLC now owns 4,085,211 shares of the company’s stock valued at $106,011,000 after buying an additional 543,940 shares during the last quarter. Private Advisor Group LLC raised its stake in SPDR Portfolio TIPS ETF by 104.8% during the 1st quarter. Private Advisor Group LLC now owns 298,038 shares of the company’s stock valued at $7,752,000 after buying an additional 152,531 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in SPDR Portfolio TIPS ETF during the 3rd quarter valued at $3,414,000. Finally, PFG Private Wealth Management LLC purchased a new stake in SPDR Portfolio TIPS ETF during the 3rd quarter valued at $2,656,000.

SPDR Portfolio TIPS ETF Company Profile

The SPDR Portfolio TIPS ETF (SPIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of inflation-protected US Treasurys with a remaining maturity of at least one year. SPIP was launched on May 25, 2007 and is managed by State Street.