Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Drops By 83.9%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,687 shares, a decrease of 83.9% from the July 15th total of 10,462 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 7,286 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. One Capital Management LLC acquired a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the third quarter worth $4,177,000. Flow Traders U.S. LLC bought a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter valued at about $1,410,000. Jones Financial Companies Lllp increased its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% during the first 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 period. JPMorgan Chase & Co. boosted its stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% in the second quarter. JPMorgan Chase & Co. now owns 5,618 shares of the company’s stock valued at $299,000 after buying an additional 5,145 shares during the period. Finally, Fairway Wealth LLC grew its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% during the fourth quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock worth $358,000 after buying an additional 540 shares in the last quarter.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Trading Up 0.1%

Shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund stock traded up $0.05 on Wednesday, reaching $51.05. 2,627 shares of the company were exchanged, compared to its average volume of 32,222. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a one year low of $50.95 and a one year high of $54.16. The company has a 50-day moving average of $51.78 and a 200 day moving average of $52.75.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Company Profile

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.