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 recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 35,520 shares, an increase of 47.1% from the December 31st total of 24,149 shares. Based on an average trading volume of 68,320 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 68,320 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter worth approximately $27,000. Eagle Bay Advisors LLC purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter valued at about $29,000. Salomon & Ludwin LLC purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the second quarter valued at about $73,000. IFP Advisors Inc boosted its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% during the 3rd quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock valued at $186,000 after buying an additional 1,000 shares during the last quarter. Finally, Greenline Partners LLC boosted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% during the 3rd quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock valued at $1,566,000 after acquiring an additional 2,190 shares during the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

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

LTPZ stock opened at $51.52 on Tuesday. The stock’s fifty day simple moving average is $52.22 and its 200-day simple moving average is $52.65. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $49.04 and a 52-week high of $55.85.

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.