SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sees Significant Decrease in Short Interest

SPDR Portfolio TIPS ETF (NYSEARCA:SPIPGet Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 84,477 shares, a drop of 37.4% from the March 15th total of 135,046 shares. Based on an average daily trading volume, of 319,012 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA SPIP traded down $0.02 during trading on Wednesday, hitting $26.16. 147,290 shares of the company traded hands, compared to its average volume of 266,900. SPDR Portfolio TIPS ETF has a 12 month low of $25.57 and a 12 month high of $26.58. The business has a fifty day simple moving average of $26.15 and a 200 day simple moving average of $26.16.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Several institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC increased its stake in shares of 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 worth $36,000 after purchasing an additional 563 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth about $38,000. Beacon Capital Management Inc. bought a new position in shares of SPDR Portfolio TIPS ETF in the second quarter worth about $54,000. Smartleaf Asset Management LLC increased its stake in shares of SPDR Portfolio TIPS ETF by 43.6% in the third quarter. Smartleaf Asset Management LLC now owns 3,711 shares of the company’s stock worth $98,000 after purchasing an additional 1,127 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth about $106,000.

SPDR Portfolio TIPS ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for SPDR Portfolio TIPS ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio TIPS ETF and related companies with MarketBeat.com's FREE daily email newsletter.