PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Shares Shorted: Short Interest Down 41.9% in September

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ – Get Free Report) was the recipient of 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. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 17,965 shares, the short-interest ratio is currently 0.2 days.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Stock Up 0.4%

TIPZ stock traded up $0.22 during midday trading on Thursday, reaching $50.23. The company had a trading volume of 10,638 shares, compared to its average volume of 27,901. 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 $50.54 and a 200-day moving average price of $51.81.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 125.0% during 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 during the last quarter. Fairway Wealth LLC boosted its stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 5.9% in the 1st quarter. Fairway Wealth LLC now owns 7,237 shares of the company’s stock valued at $385,000 after purchasing an additional 401 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 1st quarter worth approximately $28,000.

About PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

(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.

Further Reading

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