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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 144,598 shares, an increase of 196.5% from the November 30th total of 48,775 shares. Based on an average daily trading volume, of 168,999 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 168,999 shares, the short-interest ratio is currently 0.9 days.

SPDR Portfolio TIPS ETF Stock Performance

NYSEARCA:SPIP traded down $0.01 during mid-day trading on Friday, hitting $25.97. 78,635 shares of the stock were exchanged, compared to its average volume of 210,334. The firm’s 50-day simple moving average is $26.21 and its 200 day simple moving average is $26.14. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.20 and a fifty-two week high of $26.58.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

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

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.