Short Interest in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Increases By 162.7%

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 335,212 shares, a growth of 162.7% from the June 30th total of 127,599 shares. Based on an average daily trading volume, of 347,140 shares, the short-interest ratio is presently 1.0 days. Approximately 0.8% of the shares of the company are short sold.

SPDR Portfolio TIPS ETF Trading Down 0.1%

SPIP traded down $0.03 during trading hours on Wednesday, hitting $25.21. The stock had a trading volume of 19,680 shares, compared to its average volume of 317,469. SPDR Portfolio TIPS ETF has a 1 year low of $25.17 and a 1 year high of $26.58. The company’s fifty day simple moving average is $25.58 and its 200 day simple moving average is $25.92.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Large investors have recently made changes to their positions in the stock. Beacon Financial Strategies CORP bought a new position in SPDR Portfolio TIPS ETF in the 2nd quarter worth about $32,000. CIBC Private Wealth Group LLC increased its position in shares of SPDR Portfolio TIPS ETF by 69.3% during the third 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 purchased a new stake in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth about $38,000. Park National Corp OH bought a new position in shares of SPDR Portfolio TIPS ETF in the first quarter valued at approximately $69,000. Finally, Western Wealth Management LLC purchased a new position in SPDR Portfolio TIPS ETF during the first quarter valued at approximately $92,000.

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.