PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 96,544 shares, a growth of 337.0% from the August 15th total of 22,091 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 91,841 shares, the days-to-cover ratio is currently 1.1 days.
PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Stock Down 0.4%
Shares of NYSEARCA STPZ opened at $52.27 on Friday. The stock’s fifty day moving average price is $52.72 and its two-hundred day moving average price is $53.50. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a one year low of $52.23 and a one year high of $54.58.
Hedge Funds Weigh In On PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund
Institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors increased its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 1.3% during the third quarter. Captrust Financial Advisors now owns 48,536 shares of the company’s stock worth $2,630,000 after acquiring an additional 638 shares during the period. TD Private Client Wealth LLC boosted its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 4.6% in the 4th quarter. TD Private Client Wealth LLC now owns 18,229 shares of the company’s stock valued at $978,000 after purchasing an additional 803 shares during the period. JPMorgan Chase & Co. boosted its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock valued at $99,000 after purchasing an additional 1,059 shares during the period. Arbor Investment Advisors LLC increased its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.0% during the first quarter. Arbor Investment Advisors LLC now owns 96,423 shares of the company’s stock worth $5,217,000 after purchasing an additional 1,889 shares during the period. Finally, Canandaigua National Bank & Trust Co. bought a new stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the second quarter valued at approximately $221,000. 75.17% of the stock is currently owned by institutional investors and hedge funds.
About PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund
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.
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