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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Ascentis Independent Advisors purchased a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 1st quarter worth $28,000. IFP Advisors Inc boosted its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% during the third 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 in the last quarter. JPMorgan Chase & Co. grew its stake in 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 valued at $299,000 after purchasing an additional 5,145 shares during the last quarter. Fairway Wealth LLC grew its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% in the fourth quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock valued at $358,000 after purchasing an additional 540 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% in the first 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 in the last quarter.

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

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund stock traded up $0.12 during mid-day trading on Thursday, reaching $52.35. 19,914 shares of the company were exchanged, compared to its average volume of 38,693. The business has a fifty day moving average of $52.84 and a 200 day moving average of $53.10. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 12-month low of $52.07 and a 12-month 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.