Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Drops By 96.2%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 157 shares, a decrease of 96.2% from the December 31st total of 4,144 shares. Based on an average trading volume of 14,234 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 14,234 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TIPZ. IFP Advisors Inc grew its stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% during the 3rd quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock worth $133,000 after purchasing an additional 2,268 shares during the period. Jones Financial Companies Lllp grew its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock valued at $157,000 after acquiring an additional 1,790 shares during the period. JPMorgan Chase & Co. increased its stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,618 shares of the company’s stock valued at $299,000 after purchasing an additional 5,145 shares in the last quarter. Fairway Wealth LLC increased its stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% in the 4th quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock valued at $358,000 after purchasing an additional 540 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter worth about $1,410,000.

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

Shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund stock traded up $0.04 during midday trading on Thursday, hitting $53.23. The company had a trading volume of 6,687 shares, compared to its average volume of 10,615. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 12-month low of $51.54 and a 12-month high of $54.16. The company has a fifty day simple moving average of $53.15 and a 200 day simple moving average of $53.42.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were paid a $0.20 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Wednesday, December 31st.

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.