PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) Sees Unusually-High Trading Volume – Here’s Why

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) saw an uptick in trading volume on Friday . 937,467 shares traded hands during trading, an increase of 55% from the previous session’s volume of 605,244 shares.The stock last traded at $63.84 and had previously closed at $65.27.

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund Stock Down 2.9%

The company’s 50 day moving average price is $65.54 and its two-hundred day moving average price is $66.74.

Institutional Trading of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZROZ. Parallel Advisors LLC lifted its stake in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 3,517.0% in the third quarter. Parallel Advisors LLC now owns 1,700 shares of the company’s stock worth $116,000 after purchasing an additional 1,653 shares during the last quarter. Sankala Group LLC bought a new position in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the fourth quarter valued at approximately $580,000. JPMorgan Chase & Co. raised its holdings in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 104.6% in the second quarter. JPMorgan Chase & Co. now owns 18,825 shares of the company’s stock worth $1,263,000 after buying an additional 9,623 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the third quarter worth approximately $2,848,000. Finally, Abound Financial LLC bought a new stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the 4th quarter worth approximately $4,910,000.

About PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF, formerly PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund ETF, is an exchange-traded fund. The Fund seeks to provide total return that closely corresponds to the total return of The BofA Merrill Lynch Long US Treasury Principal STRIPS Index (the Index) by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the Index. The Index is an unmanaged index consisting of long-maturity separate trading of registered interest and principal of securities representing the final principal payment of the United States Treasury bonds with at least $1 billion in outstanding face value and a remaining term to final maturity greater than or equal to 25 years.