PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 7,572 shares, an increase of 2,869.4% from the May 31st total of 255 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 10,928 shares, the short-interest ratio is presently 0.7 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the first quarter worth about $28,000. IFP Advisors Inc raised its holdings in shares of 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 during the period. JPMorgan Chase & Co. lifted 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 worth $299,000 after acquiring an additional 5,145 shares in the last quarter. Fairway Wealth LLC lifted 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 worth $358,000 after acquiring an additional 540 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings 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 acquiring an additional 12,029 shares during the period.
PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Price Performance
Shares of TIPZ stock opened at $52.35 on Friday. The company’s fifty day simple moving average is $52.84 and its 200-day simple moving average is $53.10. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 52 week low of $52.07 and a 52 week high of $54.16.
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.
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