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 recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 47,768 shares, a decline of 42.5% from the April 30th total of 83,076 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,611 shares, the days-to-cover ratio is presently 0.8 days.

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

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund stock opened at $52.46 on Thursday. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 1 year low of $52.26 and a 1 year high of $54.16. The firm’s 50 day moving average price is $53.11 and its two-hundred day moving average price is $53.24.

Hedge Funds Weigh In On PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in TIPZ. Ascentis Independent Advisors purchased a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 1st quarter worth approximately $28,000. IFP Advisors Inc grew 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 worth $133,000 after purchasing an additional 2,268 shares in the last quarter. Jones Financial Companies Lllp grew its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock worth $157,000 after purchasing an additional 1,790 shares in the last quarter. JPMorgan Chase & Co. grew its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,618 shares of the company’s stock worth $299,000 after purchasing an additional 5,145 shares in the last quarter. Finally, Fairway Wealth LLC grew its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% during the 4th quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock worth $358,000 after purchasing an additional 540 shares in the last quarter.

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.