PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Shares Shorted: Short Interest Up 1,284.5% in October

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 46,230 shares, a growth of 1,284.5% from the September 30th total of 3,339 shares. Based on an average trading volume of 21,001 shares, the short-interest ratio is presently 2.2 days. Currently, 2.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 125.0% in the third 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. Ascentis Independent Advisors purchased a new position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the first quarter valued at approximately $28,000. Finally, Fairway Wealth LLC boosted 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 valued at $385,000 after buying an additional 401 shares during the last quarter.

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

Shares of TIPZ traded down $0.10 during trading hours on Wednesday, reaching $50.60. The stock had a trading volume of 849 shares, compared to its average volume of 27,645. The firm has a 50-day simple moving average of $50.44 and a 200 day simple moving average of $52.15. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 12 month low of $49.40 and a 12 month high of $54.06.

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.