PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Stock Short Interest Falls 41.9%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 3,339 shares, a drop of 41.9% from the September 15th total of 5,746 shares. Based on an average daily volume of 17,965 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

A number of large investors have recently bought and sold shares of TIPZ. Ascentis Independent Advisors bought a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 1st quarter worth approximately $28,000. Fairway Wealth LLC increased its stake in 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 acquiring an additional 401 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 125.0% in the third quarter. Farther Finance Advisors LLC now owns 10,009 shares of the company’s stock valued at $496,000 after acquiring an additional 5,560 shares during the last quarter.

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

NYSEARCA TIPZ traded up $0.04 during midday trading on Friday, hitting $50.31. The company had a trading volume of 4,127 shares, compared to its average volume of 27,795. The firm has a 50-day moving average price of $50.52 and a 200-day moving average price of $51.79. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a twelve month low of $49.40 and a twelve month high of $54.16.

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.