Short Interest in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Decreases By 14.8%

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 91,310 shares, a decline of 14.8% from the January 15th total of 107,188 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 270,880 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 270,880 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Several institutional investors have recently bought and sold shares of SPIP. Global Retirement Partners LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF in the 2nd quarter valued at $415,000. SeaBridge Investment Advisors LLC boosted its position in SPDR Portfolio TIPS ETF by 82.8% during the third quarter. SeaBridge Investment Advisors LLC now owns 295,385 shares of the company’s stock valued at $7,773,000 after buying an additional 133,799 shares during the period. ERn Financial LLC boosted its position in SPDR Portfolio TIPS ETF by 18.8% during the third quarter. ERn Financial LLC now owns 310,399 shares of the company’s stock valued at $8,168,000 after buying an additional 49,204 shares during the period. AE Wealth Management LLC increased its holdings in shares of SPDR Portfolio TIPS ETF by 854.3% in the second quarter. AE Wealth Management LLC now owns 8,388 shares of the company’s stock worth $219,000 after buying an additional 7,509 shares during the period. Finally, Vise Technologies Inc. bought a new stake in shares of SPDR Portfolio TIPS ETF in the 2nd quarter valued at about $481,000.

SPDR Portfolio TIPS ETF Trading Down 0.1%

Shares of NYSEARCA SPIP traded down $0.02 during midday trading on Wednesday, hitting $26.25. 90,906 shares of the stock traded hands, compared to its average volume of 280,311. SPDR Portfolio TIPS ETF has a one year low of $25.22 and a one year high of $26.58. The business has a 50 day moving average price of $26.04 and a two-hundred day moving average price of $26.19.

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.