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 target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 968 shares, a drop of 55.1% from the January 29th total of 2,154 shares. Based on an average daily volume of 8,123 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,123 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

A number of institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 1,134.0% during the third quarter. IFP Advisors Inc now owns 2,468 shares of the company’s stock valued at $133,000 after purchasing an additional 2,268 shares during the last quarter. Jones Financial Companies Lllp grew its position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,921 shares of the company’s stock worth $157,000 after purchasing an additional 1,790 shares during the period. JPMorgan Chase & Co. raised its stake in 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 valued at $299,000 after buying an additional 5,145 shares during the last quarter. Fairway Wealth LLC lifted its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% during the 4th quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock valued at $358,000 after buying an additional 540 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at $1,410,000.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Stock Up 0.1%

Shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund stock traded up $0.06 on Friday, reaching $53.90. The company’s stock had a trading volume of 5,571 shares, compared to its average volume of 9,625. 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. The firm’s fifty day simple moving average is $53.22 and its two-hundred day simple moving average is $53.47.

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

The firm also recently announced a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were given 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 yield of 4.5%.

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.