Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Grows By 3,570.2%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 56,081 shares, an increase of 3,570.2% from the March 31st total of 1,528 shares. Based on an average daily trading volume, of 232,957 shares, the short-interest ratio is currently 0.2 days. Approximately 2.6% of the company’s stock are sold short.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Stock Up 0.2%

TIPZ stock traded up $0.09 on Friday, reaching $53.65. 34,813 shares of the company traded hands, compared to its average volume of 44,709. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a one year low of $52.26 and a one year high of $54.16. The firm has a fifty day simple moving average of $53.42 and a 200-day simple moving average of $53.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% during the 3rd quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock valued at $133,000 after buying an additional 2,268 shares in the last quarter. Jones Financial Companies Lllp increased its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock valued at $157,000 after buying an additional 1,790 shares in the last quarter. JPMorgan Chase & Co. increased its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,618 shares of the company’s stock valued at $299,000 after buying an additional 5,145 shares in the last quarter. Fairway Wealth LLC increased its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% during the 4th quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock valued at $358,000 after buying an additional 540 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at approximately $1,410,000.

About PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

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.