PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Shares Shorted: Short Interest Up 438.6% in October

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 275,294 shares, a growth of 438.6% from the October 15th total of 51,116 shares. Based on an average trading volume of 665,331 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.0% of the company’s shares are short sold.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Price Performance

NYSEARCA LTPZ traded down $0.00 during trading hours on Wednesday, reaching $46.14. 135,419 shares of the company’s stock were exchanged, compared to its average volume of 272,787. The company’s 50-day moving average is $46.60 and its two-hundred day moving average is $49.68. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a one year low of $44.30 and a one year high of $53.72.

Institutional Investors Weigh In On PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Essential Partners LLC increased 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 during the last quarter. Torren Management LLC grew its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 82.9% during the third quarter. Torren Management LLC now owns 37,317 shares of the company’s stock worth $1,683,000 after purchasing an additional 16,911 shares during the period. Finally, Ares Financial Consulting LLC increased its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% during the second quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock worth $3,458,000 after buying an additional 11,084 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

About PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

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.