Short Interest in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) Grows By 134.4%

PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 4,761 shares, a growth of 134.4% from the August 15th total of 2,031 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 9,150 shares, the short-interest ratio is currently 0.5 days.

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

NYSEARCA:TIPZ traded down $0.04 during trading hours on Tuesday, hitting $50.46. 1,419 shares of the company were exchanged, compared to its average volume of 28,954. PIMCO Broad U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $50.47 and a 52-week high of $54.16. The company’s 50 day moving average price is $51.22 and its 200-day moving average price is $52.36.

Hedge Funds Weigh In On PIMCO Broad U.S. TIPS Index Exchange-Traded Fund

A hedge fund recently bought a new stake in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund stock. Ascentis Independent Advisors acquired a new position in PIMCO Broad U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:TIPZ) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 528 shares of the company’s stock, valued at approximately $28,000.

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.