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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ares Financial Consulting LLC grew its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% in 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 during the last quarter. Torren Management LLC raised its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 82.9% in the 3rd quarter. Torren Management LLC now owns 37,317 shares of the company’s stock worth $1,683,000 after acquiring an additional 16,911 shares during the period. Finally, Essential Partners LLC raised its holdings 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 worth $387,000 after acquiring an additional 371 shares during the period. Institutional investors own 39.71% of the company’s stock.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Down 1.2%

NYSEARCA LTPZ traded down $0.55 during trading on Thursday, reaching $45.55. 495,086 shares of the company’s stock were exchanged, compared to its average volume of 274,756. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a fifty-two week low of $44.30 and a fifty-two week high of $53.72. The company’s fifty day simple moving average is $46.52 and its 200-day simple moving average is $49.61.

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.