PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 159,735 shares, a decline of 42.1% from the September 15th total of 275,989 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 809,227 shares, the short-interest ratio is presently 0.2 days.
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Performance
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund stock traded up $0.51 during mid-day trading on Thursday, reaching $46.33. 568,461 shares of the company’s stock were exchanged, compared to its average volume of 232,302. The business’s fifty day simple moving average is $47.00 and its 200 day simple moving average is $49.24. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a one year low of $44.30 and a one year high of $54.87.
Hedge Funds Weigh In On PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
Several institutional investors have recently added to or reduced their stakes in the stock. Ares Financial Consulting LLC grew its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% during the 2nd 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 period. Torren Management LLC increased its stake in shares of 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 purchasing an additional 3,633 shares during the last quarter. Finally, Essential Partners LLC raised its holdings in shares of 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 worth $387,000 after purchasing an additional 371 shares during the period. Institutional investors own 39.71% of the company’s stock.
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.
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