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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 92,812 shares, a growth of 201.9% from the April 30th total of 30,740 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 87,483 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

A number of large investors have recently made changes to their positions in LTPZ. Essential Partners LLC lifted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% during the first quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock valued at $387,000 after purchasing an additional 371 shares during the period. WFA of San Diego LLC lifted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% during the fourth quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares during the period. Bessemer Group Inc. acquired a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the third quarter worth about $27,000. Eagle Bay Advisors LLC acquired a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth about $29,000. Finally, IFP Advisors Inc raised its position in shares of 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. 39.71% of the stock is owned by hedge funds and other institutional investors.

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

Shares of LTPZ traded up $0.02 during trading hours on Friday, reaching $51.48. 47,610 shares of the company traded hands, compared to its average volume of 89,818. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 12-month low of $49.66 and a 12-month high of $54.87. The business has a fifty day moving average price of $51.27 and a 200-day moving average price of $52.05.

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.