SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sees Significant Increase in Short Interest

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 193,340 shares, a growth of 223.2% from the May 14th total of 59,813 shares. Based on an average daily trading volume, of 520,079 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

Large investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC increased its position 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 worth $36,000 after buying an additional 563 shares during the period. 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. Park National Corp OH acquired a new position in shares of SPDR Portfolio TIPS ETF during the first quarter valued at $69,000. Western Wealth Management LLC acquired a new position in shares of SPDR Portfolio TIPS ETF during the first quarter valued at $92,000. Finally, Smartleaf Asset Management LLC increased its holdings 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 valued at $98,000 after purchasing an additional 1,127 shares during the period.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA SPIP traded down $0.02 during trading hours on Friday, hitting $25.69. The company had a trading volume of 344,067 shares, compared to its average volume of 312,937. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.59 and a fifty-two week high of $26.58. The business has a fifty day simple moving average of $25.99 and a 200-day simple moving average of $26.06.

About SPDR Portfolio TIPS ETF

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.