PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 400,308 shares, a drop of 65.0% from the September 30th total of 1,142,188 shares. Based on an average daily trading volume, of 1,497,714 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.1% of the shares of the stock are short sold.
PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund Stock Up 0.7%
NYSEARCA:ZROZ traded up $0.42 during mid-day trading on Thursday, reaching $58.24. 339,950 shares of the company were exchanged, compared to its average volume of 768,425. PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund has a 12 month low of $51.97 and a 12 month high of $69.74. The company has a fifty day moving average of $57.11 and a 200 day moving average of $61.61.
Institutional Investors Weigh In On PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
A number of institutional investors and hedge funds have recently made changes to their positions in ZROZ. Continuum Advisory LLC bought a new position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the second quarter valued at about $30,000. Legacy Financial Advisors Inc. bought a new stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the second quarter worth approximately $1,585,000. Oarsman Capital Inc. acquired a new position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the second quarter valued at approximately $266,000. RPg Family Wealth Advisory LLC bought a new position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the second quarter valued at approximately $144,000. Finally, Janney Montgomery Scott LLC boosted its stake in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 2.7% in the first quarter. Janney Montgomery Scott LLC now owns 44,968 shares of the company’s stock valued at $2,878,000 after acquiring an additional 1,187 shares during the last quarter.
PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund Company Profile
PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF, formerly PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund ETF, is an exchange-traded fund. The Fund seeks to provide total return that closely corresponds to the total return of The BofA Merrill Lynch Long US Treasury Principal STRIPS Index (the Index) by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the Index. The Index is an unmanaged index consisting of long-maturity separate trading of registered interest and principal of securities representing the final principal payment of the United States Treasury bonds with at least $1 billion in outstanding face value and a remaining term to final maturity greater than or equal to 25 years.
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