PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Short Interest Up 337.0% in August

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 96,544 shares, a growth of 337.0% from the August 15th total of 22,091 shares. Based on an average trading volume of 91,841 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in 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 worth $99,000 after purchasing an additional 1,059 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 146.8% during the second quarter. Captrust Financial Advisors now owns 47,898 shares of the company’s stock valued at $2,577,000 after buying an additional 28,493 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of 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 in the last quarter. Arbor Investment Advisors LLC boosted its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.0% during the 1st 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. Finally, Canandaigua National Bank & Trust Co. purchased a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the second quarter valued at about $221,000. 75.17% of the stock is owned by institutional investors and hedge funds.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Trading Down 0.4%

Shares of STPZ traded down $0.19 during midday trading on Friday, reaching $52.27. 51,622 shares of the company were exchanged, compared to its average volume of 62,022. The stock has a 50-day moving average price of $52.72 and a 200-day moving average price of $53.50. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a 1-year low of $52.23 and a 1-year high of $54.58.

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.