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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 173,260 shares, a decrease of 41.3% from the August 15th total of 295,297 shares. Based on an average daily volume of 462,543 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are short sold.

SPDR Portfolio TIPS ETF Price Performance

Shares of NYSEARCA:SPIP traded up $0.09 during trading hours on Thursday, hitting $24.78. The stock had a trading volume of 775,461 shares, compared to its average volume of 345,267. The stock’s fifty day simple moving average is $25.11 and its 200 day simple moving average is $25.64. SPDR Portfolio TIPS ETF has a 1-year low of $24.69 and a 1-year high of $26.55.

Institutional Trading of SPDR Portfolio TIPS ETF

Several large investors have recently added to or reduced their stakes in SPIP. Beacon Financial Strategies CORP acquired a new position in SPDR Portfolio TIPS ETF during the 2nd quarter worth $32,000. Park National Corp OH bought a new position in shares of SPDR Portfolio TIPS ETF in the first quarter worth $69,000. Western Wealth Management LLC acquired a new position in shares of SPDR Portfolio TIPS ETF during the first quarter valued at $92,000. Ascentis Independent Advisors acquired a new position in shares of SPDR Portfolio TIPS ETF during the first quarter valued at $133,000. Finally, D.A. Davidson & CO. bought a new stake in shares of SPDR Portfolio TIPS ETF during the first quarter valued at about $239,000.

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.