PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Short Interest Update

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 7,572 shares, a growth of 2,869.4% from the May 31st total of 255 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,928 shares, the days-to-cover ratio is presently 0.7 days.

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

NYSEARCA:TIPZ traded up $0.10 during trading hours on Friday, reaching $52.45. The stock had a trading volume of 2,100 shares, compared to its average volume of 38,391. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 52 week low of $52.07 and a 52 week high of $54.16. The company has a 50 day moving average price of $52.82 and a two-hundred day moving average price of $53.10.

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

Several large investors have recently bought and sold shares of TIPZ. Flow Traders U.S. LLC purchased a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the third quarter valued at $1,410,000. IFP Advisors Inc grew its stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% in the 3rd quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock worth $133,000 after buying an additional 2,268 shares in the last quarter. Fairway Wealth LLC increased its holdings 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 worth $358,000 after buying an additional 540 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 1st quarter valued at about $28,000. Finally, One Capital Management LLC purchased a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at about $4,177,000.

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.