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 growth in short interest in August. As of August 14th, there was short interest totaling 791,616 shares, a growth of 2,543.6% from the July 30th total of 29,945 shares. Based on an average daily volume of 383,111 shares, the days-to-cover ratio is presently 2.1 days. Currently, 5.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. WFA of San Diego LLC boosted its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% during the 4th quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter worth approximately $235,000. Essential Partners LLC increased its stake 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 valued at $387,000 after purchasing an additional 371 shares in the last quarter. Greenline Partners LLC increased its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% in the 3rd quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock valued at $1,566,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Torren Management LLC acquired a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter worth $2,735,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Up 0.9%

LTPZ stock traded up $0.43 during trading on Tuesday, reaching $48.52. 339,537 shares of the company were exchanged, compared to its average volume of 148,476. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $47.10 and a 52-week high of $54.87. The stock’s 50 day moving average price is $48.97 and its 200 day moving average price is $50.71.

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.