Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Drops By 96.2%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 157 shares, a decline of 96.2% from the December 31st total of 4,144 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 14,234 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 14,234 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Fairway Wealth LLC raised its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 8.6% during the fourth quarter. Fairway Wealth LLC now owns 6,836 shares of the company’s stock worth $358,000 after purchasing an additional 540 shares during the period. IFP Advisors Inc boosted its holdings in 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 worth $133,000 after buying an additional 2,268 shares during the period. Flow Traders U.S. LLC purchased a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at about $1,410,000. One Capital Management LLC bought a new position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund in the third quarter worth $4,177,000. Finally, Jones Financial Companies Lllp increased its position in shares of PIMCO Broad U.S. TIPS Index Exchange-Traded Fund by 158.3% in the third 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 last quarter.

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund Price Performance

TIPZ stock remained flat at $53.19 during mid-day trading on Wednesday. 2,854 shares of the company’s stock traded hands, compared to its average volume of 10,836. The stock’s 50 day moving average is $53.16 and its two-hundred day moving average is $53.42. 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.

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

The company also recently disclosed 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) annualized dividend and a dividend yield of 4.5%.

About PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

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.