SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Short Interest Down 77.3% in April

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 27,867 shares, a drop of 77.3% from the April 15th total of 122,819 shares. Based on an average daily volume of 145,652 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

SPDR Portfolio TIPS ETF Price Performance

Shares of NYSEARCA SPIP traded up $0.02 during midday trading on Wednesday, reaching $26.05. 231,835 shares of the company’s stock traded hands, compared to its average volume of 263,205. The stock’s 50 day simple moving average is $26.11 and its 200-day simple moving average is $26.13. SPDR Portfolio TIPS ETF has a one year low of $25.57 and a one year high of $26.58.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SPIP. Jones Financial Companies Lllp boosted its stake in shares of SPDR Portfolio TIPS ETF by 36.5% during the first quarter. Jones Financial Companies Lllp now owns 8,310 shares of the company’s stock valued at $219,000 after purchasing an additional 2,220 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of SPDR Portfolio TIPS ETF by 267.0% during the first quarter. Jane Street Group LLC now owns 80,284 shares of the company’s stock valued at $2,118,000 after purchasing an additional 58,406 shares in the last quarter. State Street Corp boosted its stake in shares of SPDR Portfolio TIPS ETF by 114.9% during the second quarter. State Street Corp now owns 3,783,799 shares of the company’s stock valued at $98,606,000 after purchasing an additional 2,022,696 shares in the last quarter. Allen Capital Group LLC boosted its stake in shares of SPDR Portfolio TIPS ETF by 0.5% during the third quarter. Allen Capital Group LLC now owns 87,508 shares of the company’s stock valued at $2,303,000 after purchasing an additional 434 shares in the last quarter. Finally, Procyon Advisors LLC bought a new position in shares of SPDR Portfolio TIPS ETF during the third quarter valued at approximately $5,080,000.

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.