PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ – Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 159,735 shares, a decrease of 42.1% from the September 15th total of 275,989 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 809,227 shares, the days-to-cover ratio is presently 0.2 days.
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Up 1.1%
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund stock traded up $0.51 during midday trading on Thursday, reaching $46.33. The stock had a trading volume of 568,461 shares, compared to its average volume of 232,302. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 12 month low of $44.30 and a 12 month high of $54.87. The firm’s 50-day moving average price is $47.00 and its 200 day moving average price is $49.24.
Institutional Trading of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
Several hedge funds and other institutional investors have recently modified their holdings of LTPZ. Ares Financial Consulting LLC lifted its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% during the 2nd quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock valued at $3,458,000 after buying an additional 11,084 shares in the last quarter. Torren Management LLC grew its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% in the 1st quarter. Torren Management LLC now owns 56,485 shares of the company’s stock valued at $2,882,000 after buying an additional 3,633 shares in the last quarter. Finally, Essential Partners LLC grew its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% in the 1st quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock valued at $387,000 after buying an additional 371 shares in the last quarter. Institutional investors own 39.71% of the company’s stock.
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Company Profile
PIMCO 15+ Year US TIPS Index ETF (the Fund), formerly PIMCO 15+ Year U.S. TIPS Index Fund, is an exchange-traded fund. The investment objective of the Fund is provide total return that closely corresponds to the total return of The BofA Merrill Lynch 15+ Year US Inflation-Linked Treasury Index (the Underlying Index). The Fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities (Component Securities) of the Underlying Index.
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