PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Short Interest Down 41.3% in April

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 30,740 shares, a decrease of 41.3% from the April 15th total of 52,411 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 76,663 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LTPZ. Bessemer Group Inc. purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the third quarter worth $27,000. Greenline Partners LLC lifted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% in the third quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock worth $1,566,000 after acquiring an additional 2,190 shares during the period. IFP Advisors Inc lifted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% in the third quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock worth $186,000 after acquiring an additional 1,000 shares during the period. Eagle Bay Advisors LLC purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth $29,000. Finally, Ares Financial Consulting LLC purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth $3,102,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Down 0.3%

Shares of NYSEARCA LTPZ traded down $0.13 during trading hours on Monday, hitting $50.17. The company’s stock had a trading volume of 182,485 shares, compared to its average volume of 86,185. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 12 month low of $49.83 and a 12 month high of $54.87. The business has a 50-day simple moving average of $51.50 and a 200-day simple moving average of $52.21.

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.