Short Interest in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Declines By 41.3%

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 173,260 shares, a decrease of 41.3% from the August 15th total of 295,297 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 462,543 shares, the short-interest ratio is presently 0.4 days.

SPDR Portfolio TIPS ETF Stock Performance

Shares of SPIP traded down $0.09 during mid-day trading on Wednesday, reaching $24.69. The company’s stock had a trading volume of 526,219 shares, compared to its average volume of 342,849. SPDR Portfolio TIPS ETF has a 1-year low of $24.69 and a 1-year high of $26.58. The business has a 50-day simple moving average of $25.14 and a two-hundred day simple moving average of $25.67.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

A number of large investors have recently added to or reduced their stakes in SPIP. Continuum Advisory LLC lifted its holdings in SPDR Portfolio TIPS ETF by 8.2% during the 2nd quarter. Continuum Advisory LLC now owns 80,173 shares of the company’s stock valued at $2,059,000 after purchasing an additional 6,063 shares during the last quarter. Foster & Motley Inc. acquired a new position in shares of SPDR Portfolio TIPS ETF in the second quarter valued at $445,000. Charles Schwab Trust Co increased its holdings in shares of SPDR Portfolio TIPS ETF by 16.4% in the second quarter. Charles Schwab Trust Co now owns 47,684 shares of the company’s stock valued at $1,225,000 after purchasing an additional 6,731 shares during the last quarter. KWB Wealth increased its holdings in shares of SPDR Portfolio TIPS ETF by 2.4% in the second quarter. KWB Wealth now owns 24,674 shares of the company’s stock valued at $634,000 after purchasing an additional 573 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in shares of SPDR Portfolio TIPS ETF by 9.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 43,891 shares of the company’s stock valued at $1,127,000 after purchasing an additional 3,638 shares during the period.

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.