PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Short Interest Update

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,154 shares, a growth of 1,272.0% from the January 15th total of 157 shares. Based on an average daily volume of 6,432 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,432 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Price Performance

TIPZ stock traded up $0.12 during trading on Tuesday, reaching $53.46. 7,341 shares of the stock traded hands, compared to its average volume of 9,731. The business’s 50 day moving average price is $53.10 and its 200-day moving average price is $53.43. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $51.54 and a 52-week high of $54.16.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a c) annualized dividend and a yield of 4.5%.

Hedge Funds Weigh In On PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Institutional investors have recently made changes to their positions in the business. IFP Advisors Inc boosted its holdings in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% in the third quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock worth $133,000 after purchasing an additional 2,268 shares during the period. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 1,790 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 5,145 shares during the last quarter. Fairway Wealth LLC increased its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% in the 4th quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock worth $358,000 after purchasing an additional 540 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter valued at approximately $1,410,000.

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.