PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Sees Large Decline in Short Interest

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 4,144 shares, a decrease of 95.3% from the December 15th total of 88,461 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 11,997 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 11,997 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

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

Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in 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 purchasing an additional 2,268 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% in the third quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock valued at $157,000 after purchasing an additional 1,790 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% in the second 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 during the last quarter. Flow Traders U.S. LLC purchased a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the third quarter worth approximately $1,410,000. Finally, One Capital Management LLC acquired a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the third quarter worth $4,177,000.

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

Shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund stock remained flat at $53.04 during midday trading on Monday. 21,214 shares of the company traded hands, compared to its average volume of 15,216. The business has a 50-day moving average price of $53.25 and a two-hundred day moving average price of $53.41. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $51.54 and a 52-week high of $54.16.

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

The firm also recently declared a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.