SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 59,813 shares, an increase of 114.6% from the April 30th total of 27,867 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 333,259 shares, the days-to-cover ratio is currently 0.2 days.
SPDR Portfolio TIPS ETF Price Performance
SPDR Portfolio TIPS ETF stock traded down $0.29 during mid-day trading on Monday, reaching $25.80. 912,753 shares of the company’s stock traded hands, compared to its average volume of 289,414. The stock has a 50 day moving average of $26.03 and a two-hundred day moving average of $26.09. 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
Several hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC raised its stake in shares of SPDR Portfolio TIPS ETF by 15.4% in the fourth quarter. CWM LLC now owns 4,085,211 shares of the company’s stock valued at $106,011,000 after acquiring an additional 543,940 shares during the period. State Street Corp grew its holdings in shares of SPDR Portfolio TIPS ETF by 114.9% in 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. Cannon Financial Strategists Inc. grew its holdings in shares of SPDR Portfolio TIPS ETF by 4.7% in the fourth quarter. Cannon Financial Strategists Inc. now owns 1,048,771 shares of the company’s stock worth $27,216,000 after purchasing an additional 47,036 shares during the last quarter. Hughes Financial Services LLC grew its holdings in shares of SPDR Portfolio TIPS ETF by 9.6% in the fourth quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock worth $18,570,000 after purchasing an additional 62,930 shares during the last quarter. Finally, Willow Creek Wealth Management Inc. grew its holdings in shares of SPDR Portfolio TIPS ETF by 1.8% in the third quarter. Willow Creek Wealth Management Inc. now owns 620,526 shares of the company’s stock worth $16,329,000 after purchasing an additional 11,003 shares during 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.
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