SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Short Interest Update

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 98,575 shares, a drop of 31.8% from the December 15th total of 144,598 shares. Based on an average trading volume of 143,841 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 143,841 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPIP. State Street Corp boosted its position in shares of SPDR Portfolio TIPS ETF by 114.9% during the 2nd quarter. State Street Corp now owns 3,783,799 shares of the company’s stock valued at $98,606,000 after purchasing an additional 2,022,696 shares in the last quarter. CWM LLC lifted its stake in SPDR Portfolio TIPS ETF by 16.9% during the third quarter. CWM LLC now owns 3,541,271 shares of the company’s stock valued at $93,189,000 after purchasing an additional 512,866 shares during the last quarter. Procyon Advisors LLC bought a new stake in SPDR Portfolio TIPS ETF during the third quarter worth approximately $5,080,000. Stratos Wealth Partners LTD. acquired a new position in SPDR Portfolio TIPS ETF in the second quarter worth approximately $4,019,000. Finally, SeaBridge Investment Advisors LLC increased its holdings in shares of SPDR Portfolio TIPS ETF by 82.8% in the third quarter. SeaBridge Investment Advisors LLC now owns 295,385 shares of the company’s stock valued at $7,773,000 after buying an additional 133,799 shares in the last quarter.

SPDR Portfolio TIPS ETF Stock Performance

SPIP traded down $0.06 during trading on Friday, reaching $25.99. The stock had a trading volume of 211,252 shares, compared to its average volume of 304,659. The stock has a 50 day moving average of $26.09 and a two-hundred day moving average of $26.16. SPDR Portfolio TIPS ETF has a 1-year low of $25.22 and a 1-year high of $26.58.

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.