PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ – Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,687 shares, a decline of 83.9% from the July 15th total of 10,462 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 7,286 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On PIMCO Broad U.S. TIPS Index Exchange-Traded Fund
Hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC boosted its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 5.9% during the first quarter. Fairway Wealth LLC now owns 7,237 shares of the company’s stock worth $385,000 after acquiring an additional 401 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 1st quarter valued at about $28,000. JPMorgan Chase & Co. lifted its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,618 shares of the company’s stock worth $299,000 after purchasing an additional 5,145 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% in the 1st quarter. Jones Financial Companies Lllp now owns 14,280 shares of the company’s stock worth $713,000 after purchasing an additional 12,029 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter worth approximately $1,410,000.
PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Stock Up 0.3%
Shares of TIPZ traded up $0.13 during mid-day trading on Thursday, hitting $51.14. 2,321 shares of the company were exchanged, compared to its average volume of 31,838. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 1-year low of $50.95 and a 1-year high of $54.16. The company has a 50 day moving average of $51.75 and a 200-day moving average of $52.74.
PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Company Profile
PIMCO Broad U.S. TIPS Index ETF, formerly Pimco Broad U.S. Tips Index Fund, is an exchange-traded fund (ETF). The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities (Component Securities) of The BofA Merrill Lynch US Inflation-Linked Treasury Index (the Index). The Index is an unmanaged index comprised of Treasury Inflation Protected Securities (TIPS). The Fund may invest in derivative instruments, such as options, futures contracts or swap agreements.
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