PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Short Interest Down 99.5% in May

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 255 shares, a drop of 99.5% from the May 14th total of 47,768 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 14,203 shares, the days-to-cover ratio is currently 0.0 days.

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

Shares of TIPZ stock opened at $52.32 on Wednesday. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 12 month low of $52.17 and a 12 month high of $54.16. The firm’s 50 day moving average is $53.06 and its 200 day moving average is $53.20.

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

A number of large investors have recently modified their holdings of TIPZ. Jones Financial Companies Lllp increased its holdings in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% during the 1st quarter. Jones Financial Companies Lllp now owns 14,280 shares of the company’s stock worth $713,000 after acquiring an additional 12,029 shares during the period. JPMorgan Chase & Co. increased its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,618 shares of the company’s stock worth $299,000 after acquiring an additional 5,145 shares during the last quarter. One Capital Management LLC purchased a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter valued at about $4,177,000. Flow Traders U.S. LLC bought a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at about $1,410,000. Finally, IFP Advisors Inc grew its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% during the third quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock worth $133,000 after purchasing an additional 2,268 shares in the last quarter.

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.