Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Grows By 3,570.2%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 56,081 shares, a growth of 3,570.2% from the March 31st total of 1,528 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average trading volume of 232,957 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Trading Up 0.2%

TIPZ stock traded up $0.09 during trading on Friday, hitting $53.65. 34,813 shares of the company traded hands, compared to its average volume of 44,709. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 1 year low of $52.26 and a 1 year high of $54.16. The company has a 50-day moving average of $53.42 and a 200-day moving average of $53.38.

Institutional Investors Weigh In On PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Several institutional investors and hedge funds have recently bought and sold shares of TIPZ. IFP Advisors Inc lifted its holdings in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% in the 3rd quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock worth $133,000 after buying an additional 2,268 shares during the period. Jones Financial Companies Lllp raised its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock worth $157,000 after acquiring an additional 1,790 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 in the last quarter. Fairway Wealth LLC raised its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% in the 4th quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock worth $358,000 after acquiring an additional 540 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter worth approximately $1,410,000.

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). 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.