Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Decreases By 99.5%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the recipient of a significant 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 14,203 shares, the short-interest ratio is currently 0.0 days.

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

Several hedge funds have recently bought and sold shares of the company. Fairway Wealth LLC grew its stake 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 valued at $385,000 after acquiring an additional 401 shares in the last quarter. Ascentis Independent Advisors purchased a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the first quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% during the third quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock valued at $157,000 after acquiring an additional 1,790 shares in the last quarter. IFP Advisors Inc grew its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% during the third quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock valued at $133,000 after acquiring an additional 2,268 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% during the second 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 in the last quarter.

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

Shares of TIPZ traded up $0.07 during trading hours on Tuesday, hitting $52.25. The company’s stock had a trading volume of 19,493 shares, compared to its average volume of 41,758. The business has a 50 day simple moving average of $53.06 and a two-hundred day simple moving average of $53.20. 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.

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.