Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Grows By 383.3%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 2,900 shares, a growth of 383.3% from the May 15th total of 600 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Stock Down 0.1%

Shares of NYSEARCA:TIPZ opened at $52.55 on Friday. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 1-year low of $51.54 and a 1-year high of $54.34. The firm’s 50 day simple moving average is $52.70 and its two-hundred day simple moving average is $52.72.

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

Several large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in shares of 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 worth $713,000 after buying an additional 12,029 shares in the last quarter. Fairway Wealth LLC lifted its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 13.4% in the first quarter. Fairway Wealth LLC now owns 7,612 shares of the company’s stock worth $411,000 after buying an additional 902 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 90.0% in the first quarter. Farther Finance Advisors LLC now owns 4,773 shares of the company’s stock worth $256,000 after buying an additional 2,261 shares in the last quarter. Hara Capital LLC lifted its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 272.6% in the fourth quarter. Hara Capital LLC now owns 17,437 shares of the company’s stock worth $904,000 after buying an additional 12,757 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth $602,000.

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).