PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sees Significant Increase in Short Interest

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 91,579 shares, an increase of 65.0% from the February 26th total of 55,514 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 71,298 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Torren Management LLC bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter valued at approximately $2,735,000. Bessemer Group Inc. acquired a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at about $27,000. Ares Financial Consulting LLC acquired a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter valued at about $3,102,000. Greenline Partners LLC grew its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% in the 3rd quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock worth $1,566,000 after purchasing an additional 2,190 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter worth approximately $235,000. 39.71% of the stock is currently owned by institutional investors.

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

Shares of NYSEARCA LTPZ traded down $0.54 during trading on Friday, reaching $50.40. The stock had a trading volume of 146,419 shares, compared to its average volume of 81,399. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a one year low of $49.04 and a one year high of $55.66. The firm’s 50 day moving average price is $52.28 and its two-hundred day moving average price is $52.76.

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.