PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Sees Significant Drop in Short Interest

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 23,272 shares, a decline of 73.2% from the June 30th total of 86,838 shares. Based on an average daily trading volume, of 78,684 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Price Performance

Shares of NYSEARCA:STPZ remained flat at $52.84 on Friday. The company’s stock had a trading volume of 215,572 shares, compared to its average volume of 56,972. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a 1 year low of $52.79 and a 1 year high of $54.58. The firm’s 50-day moving average price is $53.34 and its 200-day moving average price is $53.79.

Hedge Funds Weigh In On PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

Institutional investors have recently modified their holdings of the company. Canandaigua National Bank & Trust Co. purchased a new position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund during the second quarter worth approximately $221,000. Arbor Investment Advisors LLC boosted its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.0% in the 1st quarter. Arbor Investment Advisors LLC now owns 96,423 shares of the company’s stock valued at $5,217,000 after purchasing an additional 1,889 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of 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 in the last quarter. Captrust Financial Advisors grew its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 1.3% during the 3rd quarter. Captrust Financial Advisors now owns 48,536 shares of the company’s stock valued at $2,630,000 after purchasing an additional 638 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% during 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 last quarter. 75.17% of the stock is currently owned by institutional investors.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Company Profile

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.