PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Sees Large Drop in Short Interest

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ – Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 3,339 shares, a drop of 41.9% from the September 15th total of 5,746 shares. Based on an average trading volume of 17,965 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

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

NYSEARCA:TIPZ traded up $0.08 during trading hours on Friday, hitting $50.35. 10,289 shares of the stock traded hands, compared to its average volume of 27,829. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 1 year low of $49.40 and a 1 year high of $54.16. The stock has a 50 day moving average price of $50.51 and a 200 day moving average price of $51.78.

Institutional Trading of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Several institutional investors and hedge funds have recently modified their holdings of 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 worth $496,000 after buying an additional 5,560 shares in the last quarter. Ascentis Independent Advisors bought a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the first quarter valued at about $28,000. Finally, Fairway Wealth LLC raised its holdings in 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 valued at $385,000 after acquiring an additional 401 shares during the period.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Company Profile

(Get Free Report)

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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