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

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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Performance

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund stock traded down $0.47 during midday trading on Monday, reaching $45.36. 795,348 shares of the stock traded hands, compared to its average volume of 195,683. The company has a 50-day simple moving average of $47.75 and a two-hundred day simple moving average of $49.79. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 12-month low of $45.15 and a 12-month high of $54.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ares Financial Consulting LLC grew its holdings in shares of 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 purchasing an additional 11,084 shares in the last quarter. Torren Management LLC lifted its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% during the 1st quarter. Torren Management LLC now owns 56,485 shares of the company’s stock worth $2,882,000 after buying an additional 3,633 shares in the last quarter. Finally, Essential Partners LLC lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.