PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Short Interest Update

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,761 shares, a growth of 134.4% from the August 15th total of 2,031 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 9,150 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fairway Wealth LLC boosted its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 5.9% during the 1st quarter. Fairway Wealth LLC now owns 7,237 shares of the company’s stock worth $385,000 after purchasing an additional 401 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the first quarter valued at approximately $28,000. JPMorgan Chase & Co. lifted its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% during the second quarter. JPMorgan Chase & Co. now owns 5,618 shares of the company’s stock worth $299,000 after buying an additional 5,145 shares in the last quarter. Jones Financial Companies Lllp lifted its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% during 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. Finally, Flow Traders U.S. LLC purchased a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the third quarter worth approximately $1,410,000.

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

Shares of TIPZ opened at $50.51 on Monday. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a one year low of $50.49 and a one year high of $54.16. The stock has a 50 day moving average price of $51.24 and a 200 day moving average price of $52.38.

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.