SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Short Interest Down 41.3% in August

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) was the recipient of a significant decrease in short interest in 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. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 462,543 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Several large investors have recently modified their holdings of SPIP. Hughes Financial Services LLC boosted its position in SPDR Portfolio TIPS ETF by 9.6% during the 4th quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock valued at $18,570,000 after acquiring an additional 62,930 shares in the last quarter. Private Advisor Group LLC grew its stake in SPDR Portfolio TIPS ETF by 104.8% in the first quarter. Private Advisor Group LLC now owns 298,038 shares of the company’s stock valued at $7,752,000 after purchasing an additional 152,531 shares during the last quarter. IFG Advisory LLC raised its holdings in SPDR Portfolio TIPS ETF by 6.1% in the fourth quarter. IFG Advisory LLC now owns 202,235 shares of the company’s stock worth $5,248,000 after purchasing an additional 11,654 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in SPDR Portfolio TIPS ETF by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 128,641 shares of the company’s stock worth $3,346,000 after purchasing an additional 1,680 shares in the last quarter. Finally, Verde Capital Management lifted its position in shares of SPDR Portfolio TIPS ETF by 5.5% during the first quarter. Verde Capital Management now owns 127,430 shares of the company’s stock valued at $3,314,000 after buying an additional 6,606 shares during the last quarter.

SPDR Portfolio TIPS ETF Stock Performance

Shares of NYSEARCA:SPIP traded down $0.07 during trading on Friday, hitting $24.70. 304,539 shares of the company’s stock were exchanged, compared to its average volume of 345,018. The business’s 50-day simple moving average is $25.11 and its 200 day simple moving average is $25.64. SPDR Portfolio TIPS ETF has a 52-week low of $24.69 and a 52-week high of $26.55.

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.