PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 46,230 shares, an increase of 1,284.5% from the September 30th total of 3,339 shares. Based on an average daily trading volume, of 21,001 shares, the short-interest ratio is currently 2.2 days. Approximately 2.6% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in TIPZ. Farther Finance Advisors LLC increased its stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 125.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,009 shares of the company’s stock valued at $496,000 after purchasing an additional 5,560 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 1st quarter worth about $28,000. Finally, Fairway Wealth LLC grew its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 5.9% during the first quarter. Fairway Wealth LLC now owns 7,237 shares of the company’s stock worth $385,000 after buying an additional 401 shares in the last quarter.
PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Price Performance
Shares of TIPZ stock traded down $0.02 during trading hours on Tuesday, hitting $50.67. The stock had a trading volume of 1,208 shares, compared to its average volume of 27,706. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a twelve month low of $49.40 and a twelve month high of $54.07. The stock’s 50 day moving average is $50.45 and its 200 day moving average is $52.17.
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.
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