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) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 4,761 shares, an increase of 134.4% from the August 15th total of 2,031 shares. Based on an average trading volume of 9,150 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Fairway Wealth LLC grew its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 5.9% in the first quarter. Fairway Wealth LLC now owns 7,237 shares of the company’s stock valued at $385,000 after purchasing an additional 401 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the first quarter worth about $28,000. JPMorgan Chase & Co. raised its position in shares of 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 during the last quarter. Jones Financial Companies Lllp raised its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% during 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 last quarter. Finally, Flow Traders U.S. LLC purchased a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter valued at about $1,410,000.

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

Shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund stock opened at $50.51 on Monday. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a twelve month low of $50.49 and a twelve month high of $54.16. The business has a 50-day moving average price of $51.24 and a 200 day moving average price of $52.38.

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.