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 increase in short interest in January. As of January 30th, there was short interest totaling 2,154 shares, an increase of 1,272.0% from the January 15th total of 157 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 6,432 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 6,432 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

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

Shares of TIPZ stock traded up $0.12 on Tuesday, reaching $53.46. 7,341 shares of the stock were exchanged, compared to its average volume of 9,731. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a one year low of $51.54 and a one year high of $54.16. The stock has a 50 day moving average price of $53.10 and a 200 day moving average price of $53.43.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.20 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Wednesday, December 31st.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in TIPZ. IFP Advisors Inc lifted 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 buying an additional 2,268 shares in the last quarter. Jones Financial Companies Lllp raised its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock valued at $157,000 after acquiring an additional 1,790 shares during the period. JPMorgan Chase & Co. lifted its stake 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 buying an additional 5,145 shares during the last quarter. Fairway Wealth LLC grew its position in shares of 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, Flow Traders U.S. LLC bought a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter worth $1,410,000.

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.