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

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 3,339 shares, a drop of 41.9% from the September 15th total of 5,746 shares. Based on an average daily volume of 17,965 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Trading Up 0.4%

TIPZ traded up $0.22 during trading on Thursday, reaching $50.23. 10,638 shares of the company’s stock were exchanged, compared to its average volume of 27,901. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a one year low of $49.40 and a one year high of $54.16. The firm has a fifty day moving average price of $50.54 and a two-hundred day moving average price of $51.81.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 125.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,009 shares of the company’s stock worth $496,000 after purchasing an additional 5,560 shares during the last quarter. Fairway Wealth LLC increased its position in shares of 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 worth $385,000 after buying an additional 401 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the first quarter worth $28,000.

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.