SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Short Interest Up 42.1% in February

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 116,534 shares, a growth of 42.1% from the February 12th total of 82,021 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 128,963 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 128,963 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the company are short sold.

SPDR Portfolio TIPS ETF Trading Down 0.2%

Shares of NYSEARCA SPIP traded down $0.05 during midday trading on Friday, hitting $26.10. The company’s stock had a trading volume of 146,267 shares, compared to its average volume of 257,422. SPDR Portfolio TIPS ETF has a 1-year low of $25.22 and a 1-year high of $26.58. The firm’s fifty day moving average price is $26.14 and its 200-day moving average price is $26.21.

SPDR Portfolio TIPS ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.0106 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 0.5%.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Several institutional investors have recently made changes to their positions in SPIP. Simplex Trading LLC bought a new position in SPDR Portfolio TIPS ETF during the 2nd quarter worth $31,000. CIBC Private Wealth Group LLC lifted its stake in SPDR Portfolio TIPS ETF by 69.3% in the third quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock valued at $36,000 after buying an additional 563 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at $38,000. Beacon Capital Management Inc. bought a new position in shares of SPDR Portfolio TIPS ETF during the second quarter worth about $54,000. Finally, Smartleaf Asset Management LLC grew its position in shares of SPDR Portfolio TIPS ETF by 43.6% during the third quarter. Smartleaf Asset Management LLC now owns 3,711 shares of the company’s stock worth $98,000 after acquiring an additional 1,127 shares during the last quarter.

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.