PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Shares Shorted: Short Interest Up 438.6% in October

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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Down 0.0%

LTPZ stock traded down $0.00 during midday trading on Wednesday, reaching $46.14. 135,419 shares of the company were exchanged, compared to its average volume of 272,787. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a one year low of $44.30 and a one year high of $53.72. The business has a 50-day moving average price of $46.60 and a two-hundred day moving average price of $49.68.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Torren Management LLC lifted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 82.9% during the third 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 last quarter. Ares Financial Consulting LLC boosted its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% during 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. Finally, Essential Partners LLC boosted its holdings in shares of 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 worth $387,000 after acquiring an additional 371 shares during the period. 39.71% of the stock is owned by 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.