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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 275,989 shares, a drop of 61.5% from the August 31st total of 717,119 shares. Based on an average daily trading volume, of 441,480 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LTPZ. Essential Partners LLC grew its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% during the 1st quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock worth $387,000 after buying an additional 371 shares during the period. Torren Management LLC lifted its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% in 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, Ares Financial Consulting LLC boosted its stake in 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 valued at $3,458,000 after acquiring an additional 11,084 shares during the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Down 0.5%

Shares of NYSEARCA LTPZ traded down $0.21 during midday trading on Tuesday, reaching $45.15. 1,061,534 shares of the company’s stock were exchanged, compared to its average volume of 200,414. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $44.98 and a 52-week high of $54.87. The business’s fifty day moving average price is $47.75 and its two-hundred day moving average price is $49.79.

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.