SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Short Interest Update

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 91,310 shares, a decrease of 14.8% from the January 15th total of 107,188 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 270,880 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 270,880 shares, the days-to-cover 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 opened at $26.30 on Monday. The business has a fifty day simple moving average of $26.03 and a 200 day simple moving average of $26.19. SPDR Portfolio TIPS ETF has a 12 month low of $25.22 and a 12 month high of $26.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPIP. Simplex Trading LLC purchased a new stake in SPDR Portfolio TIPS ETF in the 2nd quarter valued at about $31,000. CIBC Private Wealth Group LLC grew its holdings 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 valued at $36,000 after acquiring an additional 563 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $38,000. Atlantic Union Bankshares Corp bought a new stake in SPDR Portfolio TIPS ETF during the second quarter worth $45,000. Finally, Beacon Capital Management Inc. bought a new stake in SPDR Portfolio TIPS ETF during the second quarter worth $54,000.

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.