PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Short Interest Up 65.0% in March

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 91,579 shares, a growth of 65.0% from the February 26th total of 55,514 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 71,298 shares, the days-to-cover ratio is currently 1.3 days.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Down 1.1%

LTPZ stock traded down $0.54 during midday trading on Friday, hitting $50.40. 146,419 shares of the company traded hands, compared to its average volume of 81,399. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a twelve month low of $49.04 and a twelve month high of $55.66. The business has a 50 day simple moving average of $52.28 and a 200-day simple moving average of $52.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. WFA of San Diego LLC raised its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% in 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 during the period. Atlas Capital Advisors Inc. bought a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter valued at about $235,000. Hirtle Callaghan & Co LLC grew its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 14.1% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 67,099 shares of the company’s stock valued at $3,472,000 after purchasing an additional 8,267 shares during the last quarter. Torren Management LLC acquired a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter valued at about $2,735,000. Finally, Ares Financial Consulting LLC bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth about $3,102,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.