PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ – Get Free Report) was the recipient of a significant decrease in short interest during 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. Based on an average daily trading volume, of 809,227 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.7% of the company’s stock are short sold.
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Up 0.2%
Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund stock traded up $0.10 on Friday, reaching $46.45. The company’s stock had a trading volume of 466,717 shares, compared to its average volume of 234,386. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 52 week low of $44.30 and a 52 week high of $54.87. The firm’s fifty day simple moving average is $46.97 and its two-hundred day simple moving average is $49.22.
Institutional Investors Weigh In On PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
Hedge funds have recently added to or reduced their stakes in the stock. Ares Financial Consulting LLC grew its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% in the second quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock worth $3,458,000 after acquiring an additional 11,084 shares during the period. Torren Management LLC grew its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% during the first 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 during the period. Finally, Essential Partners LLC increased its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% during the first 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. 39.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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