SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Short Interest Up 162.7% in July

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 335,212 shares, an increase of 162.7% from the June 30th total of 127,599 shares. Based on an average daily volume of 347,140 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% of the company’s stock are sold short.

SPDR Portfolio TIPS ETF Stock Up 0.3%

Shares of SPDR Portfolio TIPS ETF stock traded up $0.07 during midday trading on Tuesday, reaching $25.24. 305,021 shares of the company’s stock traded hands, compared to its average volume of 319,620. SPDR Portfolio TIPS ETF has a 52 week low of $25.17 and a 52 week high of $26.58. The company’s 50 day simple moving average is $25.58 and its 200 day simple moving average is $25.92.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Institutional investors have recently bought and sold shares of the stock. Beacon Financial Strategies CORP bought a new stake in shares of SPDR Portfolio TIPS ETF during the 2nd quarter worth about $32,000. CIBC Private Wealth Group LLC lifted its holdings in 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 worth $36,000 after purchasing an additional 563 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in SPDR Portfolio TIPS ETF in the 4th quarter worth approximately $38,000. Park National Corp OH bought a new stake in SPDR Portfolio TIPS ETF during the first quarter worth approximately $69,000. Finally, Western Wealth Management LLC bought a new stake in SPDR Portfolio TIPS ETF during the first quarter worth approximately $92,000.

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.