Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Drops By 42.5%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 47,768 shares, a decline of 42.5% from the April 30th total of 83,076 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average trading volume of 58,611 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ascentis Independent Advisors acquired a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the first quarter valued at about $28,000. One Capital Management LLC acquired a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the third quarter valued at about $4,177,000. Flow Traders U.S. LLC acquired a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the third quarter valued at about $1,410,000. Jones Financial Companies Lllp boosted its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% in the first quarter. Jones Financial Companies Lllp now owns 14,280 shares of the company’s stock valued at $713,000 after buying an additional 12,029 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in 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 in the last quarter.

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

NYSEARCA TIPZ traded up $0.01 on Tuesday, reaching $52.57. The company’s stock had a trading volume of 7,623 shares, compared to its average volume of 43,093. The business has a 50-day moving average price of $53.13 and a 200 day moving average price of $53.25. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 52 week low of $52.26 and a 52 week high of $54.16.

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.