PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 46,230 shares, an increase of 1,284.5% from the September 30th total of 3,339 shares. Based on an average daily volume of 21,001 shares, the short-interest ratio is presently 2.2 days. Currently, 2.6% of the company’s stock are short sold.
Institutional Trading of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ascentis Independent Advisors acquired a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the first quarter worth approximately $28,000. Fairway Wealth LLC raised its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 5.9% during the 1st quarter. Fairway Wealth LLC now owns 7,237 shares of the company’s stock worth $385,000 after buying an additional 401 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 125.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,009 shares of the company’s stock valued at $496,000 after purchasing an additional 5,560 shares in the last quarter.
PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Stock Performance
NYSEARCA:TIPZ traded up $0.02 during trading hours on Monday, hitting $50.69. The company’s stock had a trading volume of 15,273 shares, compared to its average volume of 27,838. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $49.40 and a 52-week high of $54.07. The stock has a fifty day moving average of $50.45 and a 200-day moving average of $52.17.
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.
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