PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 23,272 shares, a drop of 73.2% from the June 30th total of 86,838 shares. Based on an average daily volume of 78,684 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.
PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Trading Down 0.2%
STPZ stock traded down $0.08 during mid-day trading on Monday, reaching $52.76. The company’s stock had a trading volume of 58,730 shares, compared to its average volume of 56,751. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a 12 month low of $52.76 and a 12 month high of $54.58. The business’s 50 day moving average price is $53.34 and its 200 day moving average price is $53.79.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% in the second quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock valued at $99,000 after purchasing an additional 1,059 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 146.8% in the 2nd quarter. Captrust Financial Advisors now owns 47,898 shares of the company’s stock valued at $2,577,000 after buying an additional 28,493 shares during the period. Arbor Investment Advisors LLC grew its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 6.5% in the 4th quarter. Arbor Investment Advisors LLC now owns 94,534 shares of the company’s stock valued at $5,073,000 after buying an additional 5,795 shares during the period. TD Private Client Wealth LLC increased its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 4.6% in the 4th quarter. TD Private Client Wealth LLC now owns 18,229 shares of the company’s stock valued at $978,000 after buying an additional 803 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. bought a new stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 75.17% of the company’s stock.
PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Company Profile
PIMCO 1-5 Year US TIPS Index ETF, formerly Pimco 1-5 Year U.S. TIPS Index Fund, is an exchange traded fund (ETF) designed to capture the returns of the shorter maturity subset of the Treasury Inflation-Protected Securities (TIPS) market by tracking The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index. The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index is an unmanaged index comprised of the United States Treasury Inflation Protected Securities with at least $1 billion in outstanding face value and a remaining term to final maturity of at least one year and less than five years.
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