PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Sees Large Growth in Short Interest

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 58,715 shares, an increase of 81.1% from the December 15th total of 32,429 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 30,250 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily trading volume, of 30,250 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.7% of the shares of the company are sold short.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Stock Performance

Shares of STPZ stock traded down $0.03 during midday trading on Friday, hitting $53.64. 30,117 shares of the company were exchanged, compared to its average volume of 35,929. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a 52 week low of $52.21 and a 52 week high of $54.48. The firm’s 50 day moving average price is $53.80 and its two-hundred day moving average price is $53.96.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

Institutional Trading of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% in the second quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock valued at $99,000 after buying an additional 1,059 shares during the period. Arkos Global Advisors acquired a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter valued at $232,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at $254,000. Jones Financial Companies Lllp lifted its position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 44.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,881 shares of the company’s stock valued at $264,000 after acquiring an additional 1,505 shares during the period. Finally, TD Private Client Wealth LLC grew its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 35.3% during the 2nd quarter. TD Private Client Wealth LLC now owns 15,708 shares of the company’s stock worth $845,000 after purchasing an additional 4,096 shares in the last quarter. 75.17% of the stock is currently owned by institutional investors.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Company Profile

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.