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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 193,340 shares, a growth of 223.2% from the May 14th total of 59,813 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 520,079 shares, the days-to-cover ratio is currently 0.4 days.

SPDR Portfolio TIPS ETF Price Performance

Shares of NYSEARCA:SPIP opened at $25.71 on Friday. The business’s 50 day simple moving average is $25.99 and its 200-day simple moving average is $26.06. SPDR Portfolio TIPS ETF has a 12 month low of $25.59 and a 12 month high of $26.58.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its stake in SPDR Portfolio TIPS ETF by 15.4% in the 4th quarter. CWM LLC now owns 4,085,211 shares of the company’s stock valued at $106,011,000 after buying an additional 543,940 shares in the last quarter. State Street Corp lifted its stake in SPDR Portfolio TIPS ETF by 114.9% in the 2nd quarter. State Street Corp now owns 3,783,799 shares of the company’s stock valued at $98,606,000 after buying an additional 2,022,696 shares in the last quarter. Cannon Financial Strategists Inc. lifted its stake in SPDR Portfolio TIPS ETF by 4.7% in the 4th quarter. Cannon Financial Strategists Inc. now owns 1,048,771 shares of the company’s stock valued at $27,216,000 after buying an additional 47,036 shares in the last quarter. Hughes Financial Services LLC lifted its stake in SPDR Portfolio TIPS ETF by 9.6% in the 4th quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock valued at $18,570,000 after buying an additional 62,930 shares in the last quarter. Finally, Willow Creek Wealth Management Inc. lifted its stake in SPDR Portfolio TIPS ETF by 1.8% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 620,526 shares of the company’s stock valued at $16,329,000 after buying an additional 11,003 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.