PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Shares Shorted: Short Interest Up 1,284.5% in October

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the recipient of 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 days-to-cover ratio is presently 2.2 days. Approximately 2.6% of the shares of the stock are short sold.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Trading Up 0.0%

TIPZ stock traded up $0.02 during midday trading on Monday, reaching $50.69. The 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 company’s fifty day simple moving average is $50.45 and its 200 day simple moving average is $52.17.

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

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 125.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,009 shares of the company’s stock worth $496,000 after purchasing an additional 5,560 shares during the last quarter. Fairway Wealth LLC raised its holdings in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 5.9% in the 1st quarter. Fairway Wealth LLC now owns 7,237 shares of the company’s stock valued at $385,000 after buying an additional 401 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the first quarter worth about $28,000.

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.