Short Interest in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Declines By 41.3%

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 173,260 shares, a drop of 41.3% from the August 15th total of 295,297 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 462,543 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

A number of institutional investors have recently added to or reduced their stakes in SPIP. Continuum Advisory LLC lifted its stake in SPDR Portfolio TIPS ETF by 8.2% in the second quarter. Continuum Advisory LLC now owns 80,173 shares of the company’s stock valued at $2,059,000 after acquiring an additional 6,063 shares during the last quarter. Foster & Motley Inc. acquired a new position in shares of SPDR Portfolio TIPS ETF during the 2nd quarter worth about $445,000. Charles Schwab Trust Co raised its holdings in shares of SPDR Portfolio TIPS ETF by 16.4% in the 2nd quarter. Charles Schwab Trust Co now owns 47,684 shares of the company’s stock valued at $1,225,000 after purchasing an additional 6,731 shares during the period. KWB Wealth raised its holdings in shares of SPDR Portfolio TIPS ETF by 2.4% in the 2nd quarter. KWB Wealth now owns 24,674 shares of the company’s stock valued at $634,000 after purchasing an additional 573 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of SPDR Portfolio TIPS ETF by 9.0% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 43,891 shares of the company’s stock valued at $1,127,000 after purchasing an additional 3,638 shares during the period.

SPDR Portfolio TIPS ETF Stock Down 0.4%

Shares of NYSEARCA:SPIP traded down $0.09 during trading on Wednesday, hitting $24.69. 526,219 shares of the company were exchanged, compared to its average volume of 342,849. SPDR Portfolio TIPS ETF has a fifty-two week low of $24.69 and a fifty-two week high of $26.58. The firm has a fifty day moving average price of $25.14 and a two-hundred day moving average price of $25.67.

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.