PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Sees Significant Decrease in Short Interest
by Doug Wharley · The Cerbat GemPIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ – Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 35,364 shares, a decrease of 45.8% from the April 15th total of 65,242 shares. Based on an average daily volume of 80,044 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are short sold.
PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Stock Down 0.1%
PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund stock traded down $0.06 during trading on Friday, reaching $54.04. 300,953 shares of the company’s stock were exchanged, compared to its average volume of 47,548. The company’s 50-day moving average is $54.18 and its two-hundred day moving average is $53.97. PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $53.25 and a 52-week high of $54.58.
Hedge Funds Weigh In On PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock valued at $99,000 after buying an additional 1,059 shares during the last quarter. Arkos Global Advisors purchased a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter valued at about $232,000. KERR FINANCIAL PLANNING Corp purchased a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter valued at about $254,000. Jones Financial Companies Lllp boosted its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 44.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,881 shares of the company’s stock valued at $264,000 after buying an additional 1,505 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 10.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 17,426 shares of the company’s stock valued at $944,000 after buying an additional 1,718 shares during the last quarter. 75.17% of the stock is owned by hedge funds and other institutional investors.
About PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund
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.