Short Interest in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Drops By 65.6%

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 23,207 shares, a decline of 65.6% from the June 30th total of 67,377 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 119,036 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors 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 $29,000. WFA of San Diego LLC boosted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% during the 4th quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% in the 3rd quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock valued at $186,000 after acquiring an additional 1,000 shares during the period. Atlas Capital Advisors Inc. purchased a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter valued at $235,000. Finally, Essential Partners LLC raised its position in shares of 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 worth $387,000 after acquiring an additional 371 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

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

Shares of LTPZ traded up $0.39 during midday trading on Tuesday, reaching $48.64. 188,900 shares of the stock were exchanged, compared to its average volume of 109,471. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 52 week low of $48.23 and a 52 week high of $54.87. The company’s 50 day moving average is $50.11 and its two-hundred day moving average is $51.29.

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.