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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 116,534 shares, a growth of 42.1% from the February 12th total of 82,021 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 128,963 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 128,963 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

SPDR Portfolio TIPS ETF Stock Performance

SPDR Portfolio TIPS ETF stock opened at $26.10 on Monday. SPDR Portfolio TIPS ETF has a 12 month low of $25.22 and a 12 month high of $26.58. The business has a 50 day simple moving average of $26.14 and a 200-day simple moving average of $26.21.

SPDR Portfolio TIPS ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.0106 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 0.5%.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in SPDR Portfolio TIPS ETF during the fourth quarter valued at $254,000. Amicus Financial Advisors LLC acquired a new position in shares of SPDR Portfolio TIPS ETF during the 4th quarter worth about $653,000. Note Advisors LLC raised its position in shares of SPDR Portfolio TIPS ETF by 6.3% during the 4th quarter. Note Advisors LLC now owns 108,395 shares of the company’s stock worth $2,818,000 after purchasing an additional 6,444 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in SPDR Portfolio TIPS ETF by 14.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 19,512 shares of the company’s stock valued at $506,000 after buying an additional 2,527 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in SPDR Portfolio TIPS ETF by 2.2% in the 4th quarter. Cetera Investment Advisers now owns 172,547 shares of the company’s stock valued at $4,478,000 after buying an additional 3,773 shares in the last quarter.

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.