SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Short Interest Up 114.6% in May

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 59,813 shares, a growth of 114.6% from the April 30th total of 27,867 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 333,259 shares, the short-interest ratio is currently 0.2 days.

SPDR Portfolio TIPS ETF Price Performance

Shares of NYSEARCA SPIP traded down $0.01 during midday trading on Tuesday, reaching $25.79. 536,566 shares of the stock were exchanged, compared to its average volume of 291,790. The firm has a 50-day simple moving average of $26.03 and a two-hundred day simple moving average of $26.09. SPDR Portfolio TIPS ETF has a twelve month low of $25.59 and a twelve month high of $26.58.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC raised 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 valued at $36,000 after buying an additional 563 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in SPDR Portfolio TIPS ETF during the fourth quarter worth $38,000. Park National Corp OH acquired a new position in SPDR Portfolio TIPS ETF during the first quarter worth $69,000. Western Wealth Management LLC acquired a new position in SPDR Portfolio TIPS ETF during the first quarter worth $92,000. Finally, Smartleaf Asset Management LLC lifted its stake in SPDR Portfolio TIPS ETF by 43.6% during 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.

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.