Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Grows By 539.3%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 927 shares, an increase of 539.3% from the February 26th total of 145 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 18,752 shares, the days-to-cover ratio is currently 0.0 days.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Trading Down 0.3%

NYSEARCA TIPZ traded down $0.18 during trading hours on Thursday, hitting $52.85. The company’s stock had a trading volume of 7,134 shares, compared to its average volume of 12,320. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a twelve month low of $51.54 and a twelve month high of $54.16. The stock has a fifty day moving average of $53.38 and a 200 day moving average of $53.47.

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

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

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

Institutional investors have recently made changes to their positions in the stock. One Capital Management LLC bought a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the third quarter valued at about $4,177,000. Flow Traders U.S. LLC bought a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the third quarter worth about $1,410,000. Jones Financial Companies Lllp grew its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 534.4% during the 1st quarter. Jones Financial Companies Lllp now owns 14,280 shares of the company’s stock worth $713,000 after buying an additional 12,029 shares during the period. JPMorgan Chase & Co. grew its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,087.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,618 shares of the company’s stock worth $299,000 after buying an additional 5,145 shares during the period. Finally, IFP Advisors Inc increased 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 valued at $133,000 after acquiring an additional 2,268 shares during the last quarter.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Company Profile

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.