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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw a significant growth in short interest in 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. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 347,140 shares, the short-interest ratio is presently 1.0 days.

SPDR Portfolio TIPS ETF Stock Down 0.1%

Shares of SPIP traded down $0.03 during mid-day trading on Monday, hitting $25.17. 238,299 shares of the company’s stock were exchanged, compared to its average volume of 319,671. The stock’s 50-day moving average is $25.61 and its 200-day moving average is $25.94. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.17 and a fifty-two week high of $26.58.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ERn Financial LLC raised its stake in shares of SPDR Portfolio TIPS ETF by 11.4% in the fourth quarter. ERn Financial LLC now owns 345,832 shares of the company’s stock valued at $8,974,000 after acquiring an additional 35,433 shares in the last quarter. CWM LLC increased its holdings in SPDR Portfolio TIPS ETF by 15.4% during the 4th quarter. CWM LLC now owns 4,085,211 shares of the company’s stock worth $106,011,000 after purchasing an additional 543,940 shares during the period. Private Advisor Group LLC increased its holdings in SPDR Portfolio TIPS ETF by 104.8% during the 1st quarter. Private Advisor Group LLC now owns 298,038 shares of the company’s stock worth $7,752,000 after purchasing an additional 152,531 shares during the period. Cannon Financial Strategists Inc. raised its position 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 purchasing an additional 47,036 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of SPDR Portfolio TIPS ETF by 7,732.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,300 shares of the company’s stock valued at $666,000 after buying an additional 24,977 shares during the period.

About SPDR Portfolio TIPS ETF

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.