SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 335,212 shares, an increase of 162.7% from the June 30th total of 127,599 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 347,140 shares, the days-to-cover ratio is presently 1.0 days.
Institutional Investors Weigh In On SPDR Portfolio TIPS ETF
Several institutional investors have recently modified their holdings of the company. Beacon Financial Strategies CORP purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 2nd quarter worth $32,000. CIBC Private Wealth Group LLC increased its holdings in SPDR Portfolio TIPS ETF by 69.3% in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at $38,000. Park National Corp OH acquired a new stake in SPDR Portfolio TIPS ETF in the first quarter valued at $69,000. Finally, Western Wealth Management LLC acquired a new stake in SPDR Portfolio TIPS ETF in the first quarter valued at $92,000.
SPDR Portfolio TIPS ETF Trading Down 0.1%
NYSEARCA SPIP traded down $0.03 on Monday, hitting $25.17. 238,299 shares of the stock were exchanged, compared to its average volume of 319,671. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.17 and a fifty-two week high of $26.58. The company has a 50-day moving average price of $25.61 and a 200-day moving average price of $25.94.
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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