PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Sees Significant Decrease in Short Interest

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,687 shares, a drop of 83.9% from the July 15th total of 10,462 shares. Based on an average daily volume of 7,286 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Several large investors have recently made changes to their positions in the business. Fairway Wealth LLC grew its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 5.9% during the first quarter. Fairway Wealth LLC now owns 7,237 shares of the company’s stock worth $385,000 after buying an additional 401 shares in the last quarter. Ascentis Independent Advisors acquired a new position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 1st quarter valued at $28,000. JPMorgan Chase & Co. lifted its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% during the second 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 period. Jones Financial Companies Lllp raised its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% in the 1st quarter. Jones Financial Companies Lllp now owns 14,280 shares of the company’s stock worth $713,000 after buying an additional 12,029 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter valued at $1,410,000.

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

NYSEARCA:TIPZ traded up $0.05 during midday trading on Wednesday, reaching $51.05. The stock had a trading volume of 2,627 shares, compared to its average volume of 32,222. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 1-year low of $50.95 and a 1-year high of $54.16. The firm’s fifty day simple moving average is $51.78 and its 200-day simple moving average is $52.75.

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.