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

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 35,364 shares, a drop of 45.8% from the April 15th total of 65,242 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 80,044 shares, the days-to-cover ratio is presently 0.4 days.

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

STPZ stock traded down $0.06 during trading on Friday, hitting $54.04. 300,953 shares of the company’s stock traded hands, compared to its average volume of 47,548. The business has a fifty day simple moving average of $54.18 and a two-hundred day simple moving average of $53.97. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a 1 year low of $53.25 and a 1 year high of $54.58.

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

Several institutional investors have recently bought and sold shares of the business. Arbor Investment Advisors LLC increased its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.0% during the first quarter. Arbor Investment Advisors LLC now owns 96,423 shares of the company’s stock valued at $5,217,000 after buying an additional 1,889 shares during the period. TD Private Client Wealth LLC grew its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 4.6% in the fourth quarter. TD Private Client Wealth LLC now owns 18,229 shares of the company’s stock worth $978,000 after purchasing an additional 803 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the third quarter worth $254,000. Captrust Financial Advisors grew its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 1.3% in the third quarter. Captrust Financial Advisors now owns 48,536 shares of the company’s stock worth $2,630,000 after purchasing an additional 638 shares during the last quarter. Finally, Arkos Global Advisors purchased a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the third quarter worth $232,000. 75.17% of the stock is owned by hedge funds and other institutional investors.

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

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.