PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Short Interest Update

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 62,071 shares, an increase of 75.5% from the April 30th total of 35,364 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 90,662 shares, the days-to-cover ratio is presently 0.7 days.

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

Shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund stock opened at $53.60 on Thursday. The company’s fifty day simple moving average is $54.11 and its two-hundred day simple moving average is $53.97. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a 12-month low of $53.25 and a 12-month high of $54.58.

Hedge Funds Weigh In On PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

Several hedge funds and other institutional investors have recently modified their holdings of STPZ. JPMorgan Chase & Co. increased its position 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 valued at $99,000 after buying an additional 1,059 shares during the period. Arkos Global Advisors purchased a new position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund during the third quarter valued at about $232,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund during the third quarter valued at about $254,000. Jones Financial Companies Lllp increased its position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 44.6% during the third quarter. Jones Financial Companies Lllp now owns 4,881 shares of the company’s stock valued at $264,000 after buying an additional 1,505 shares during the period. Finally, TD Private Client Wealth LLC increased its position 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 valued at $978,000 after buying an additional 803 shares during the period. Hedge funds and other institutional investors own 75.17% of the company’s stock.

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

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.