PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Sees Large Growth in Short Interest

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 96,544 shares, an increase of 337.0% from the August 15th total of 22,091 shares. Based on an average trading volume of 91,841 shares, the short-interest ratio is currently 1.1 days. Currently, 1.0% of the shares of the company are short sold.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Stock Down 0.4%

Shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund stock opened at $52.27 on Friday. The business has a fifty day simple moving average of $52.72 and a two-hundred day simple moving average of $53.50. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a 1 year low of $52.23 and a 1 year high of $54.58.

Hedge Funds Weigh In On PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

Several large investors have recently modified their holdings of STPZ. JPMorgan Chase & Co. lifted its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock worth $99,000 after buying an additional 1,059 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the 2nd quarter valued at about $221,000. TD Private Client Wealth LLC raised its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 4.6% in the 4th quarter. TD Private Client Wealth LLC now owns 18,229 shares of the company’s stock valued at $978,000 after acquiring an additional 803 shares during the period. Captrust Financial Advisors raised its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 146.8% in the 2nd quarter. Captrust Financial Advisors now owns 47,898 shares of the company’s stock valued at $2,577,000 after acquiring an additional 28,493 shares during the period. Finally, Arbor Investment Advisors LLC lifted its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.0% during the first quarter. Arbor Investment Advisors LLC now owns 96,423 shares of the company’s stock worth $5,217,000 after acquiring an additional 1,889 shares during the last quarter. 75.17% of the stock is owned by institutional investors.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Company Profile

PIMCO 1-5 Year US TIPS Index ETF, formerly Pimco 1-5 Year U.S. TIPS Index Fund, is an exchange traded fund (ETF) designed to capture the returns of the shorter maturity subset of the Treasury Inflation-Protected Securities (TIPS) market by tracking The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index. The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index is an unmanaged index comprised of the United States Treasury Inflation Protected Securities with at least $1 billion in outstanding face value and a remaining term to final maturity of at least one year and less than five years.