Short Interest in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Decreases By 73.2%

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 23,272 shares, a drop of 73.2% from the June 30th total of 86,838 shares. Based on an average daily trading volume, of 78,684 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors increased its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 146.8% during the 2nd quarter. Captrust Financial Advisors now owns 47,898 shares of the company’s stock worth $2,577,000 after purchasing an additional 28,493 shares during the period. Arbor Investment Advisors LLC grew its position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 6.5% during the fourth quarter. Arbor Investment Advisors LLC now owns 94,534 shares of the company’s stock worth $5,073,000 after buying an additional 5,795 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund during the second quarter worth about $221,000. JPMorgan Chase & Co. increased its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% during the second 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 period. Finally, TD Private Client Wealth LLC increased its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 4.6% during the fourth quarter. TD Private Client Wealth LLC now owns 18,229 shares of the company’s stock worth $978,000 after buying an additional 803 shares during the period. 75.17% of the stock is owned by institutional investors and hedge funds.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Stock Performance

Shares of NYSEARCA:STPZ traded up $0.07 during trading on Tuesday, hitting $52.82. The company’s stock had a trading volume of 5,759 shares, compared to its average volume of 56,628. The business has a 50 day moving average price of $53.31 and a two-hundred day moving average price of $53.78. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a fifty-two week low of $52.72 and a fifty-two week high of $54.58.

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.