PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ – Get Free Report) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 255 shares, a drop of 99.5% from the May 14th total of 47,768 shares. Based on an average daily volume of 14,203 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Hedge Funds Weigh In On PIMCO Broad U.S. TIPS Index Exchange-Traded Fund
Hedge funds have recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 1st quarter valued at approximately $28,000. IFP Advisors Inc increased its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% in the 3rd quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock valued at $133,000 after purchasing an additional 2,268 shares in the last quarter. Jones Financial Companies Lllp increased its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock valued at $157,000 after purchasing an additional 1,790 shares in the last quarter. 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 valued at $299,000 after buying an additional 5,145 shares in the last quarter. Finally, Fairway Wealth LLC grew its holdings 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 during the last quarter.
PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Stock Performance
NYSEARCA TIPZ traded up $0.13 during mid-day trading on Thursday, hitting $52.34. The stock had a trading volume of 5,380 shares, compared to its average volume of 41,116. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $52.17 and a 52-week high of $54.16. The company has a 50 day simple moving average of $53.05 and a 200 day simple moving average of $53.20.
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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