PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Short Interest Down 95.3% in December

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 4,144 shares, a decline of 95.3% from the December 15th total of 88,461 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,997 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 11,997 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% in the third quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock worth $157,000 after buying an additional 1,790 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% in the third quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock worth $133,000 after acquiring an additional 2,268 shares during the period. Flow Traders U.S. LLC acquired a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at approximately $1,410,000. One Capital Management LLC acquired a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter worth about $4,177,000. Finally, JPMorgan Chase & Co. raised its stake 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 purchasing an additional 5,145 shares during the last quarter.

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

NYSEARCA TIPZ traded up $0.06 on Tuesday, hitting $53.10. The company had a trading volume of 2,334 shares, compared to its average volume of 13,602. The company’s fifty day moving average price is $53.25 and its 200-day moving average price is $53.41. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 12-month low of $51.54 and a 12-month high of $54.16.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.