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) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 7,572 shares, an increase of 2,869.4% from the May 31st total of 255 shares. Based on an average daily volume of 10,928 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

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 company. Ascentis Independent Advisors purchased a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the first quarter worth about $28,000. IFP Advisors Inc increased its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% during the 3rd quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock valued at $133,000 after purchasing an additional 2,268 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 5,145 shares in the last quarter. Fairway Wealth LLC raised its holdings in shares of 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 valued at $358,000 after purchasing an additional 540 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% in the 1st quarter. Jones Financial Companies Lllp now owns 14,280 shares of the company’s stock worth $713,000 after purchasing an additional 12,029 shares during the period.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Trading Up 0.2%

TIPZ traded up $0.12 during trading on Thursday, hitting $52.35. 19,914 shares of the stock were exchanged, compared to its average volume of 38,693. The firm has a 50 day simple moving average of $52.84 and a 200 day simple moving average of $53.10. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 1 year low of $52.07 and a 1 year high of $54.16.

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.