SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Short Interest Down 77.3% in April

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 27,867 shares, a drop of 77.3% from the April 15th total of 122,819 shares. Based on an average daily volume of 145,652 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

SPDR Portfolio TIPS ETF Trading Down 0.1%

Shares of SPIP traded down $0.03 during trading hours on Thursday, reaching $26.02. 138,879 shares of the company traded hands, compared to its average volume of 261,853. SPDR Portfolio TIPS ETF has a 12 month low of $25.57 and a 12 month high of $26.58. The company’s fifty day moving average price is $26.10 and its two-hundred day moving average price is $26.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 69.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock valued at $36,000 after purchasing an additional 563 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in SPDR Portfolio TIPS ETF in the fourth quarter worth $38,000. Park National Corp OH bought a new position in SPDR Portfolio TIPS ETF in the first quarter worth $69,000. Smartleaf Asset Management LLC raised its holdings in SPDR Portfolio TIPS ETF by 43.6% in the third quarter. Smartleaf Asset Management LLC now owns 3,711 shares of the company’s stock worth $98,000 after purchasing an additional 1,127 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in SPDR Portfolio TIPS ETF during the fourth quarter valued at $106,000.

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.