PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Sees Significant Decline in Short Interest

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,687 shares, a drop of 83.9% from the July 15th total of 10,462 shares. Based on an average daily volume of 7,286 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

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

Shares of NYSEARCA:TIPZ traded down $0.09 during midday trading on Friday, reaching $51.05. The company’s stock had a trading volume of 1,911 shares, compared to its average volume of 31,645. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 1 year low of $50.95 and a 1 year high of $54.16. The business has a 50 day moving average price of $51.73 and a 200 day moving average price of $52.72.

Institutional Trading of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TIPZ. Ascentis Independent Advisors acquired a new position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 1st quarter valued at about $28,000. JPMorgan Chase & Co. boosted its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% in the second quarter. JPMorgan Chase & Co. now owns 5,618 shares of the company’s stock worth $299,000 after acquiring an additional 5,145 shares during the last quarter. Fairway Wealth LLC grew its holdings in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% in the fourth quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock valued at $358,000 after purchasing an additional 540 shares during the period. Jones Financial Companies Lllp grew its holdings in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% in the first quarter. Jones Financial Companies Lllp now owns 14,280 shares of the company’s stock valued at $713,000 after purchasing an additional 12,029 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the third 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.