PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) Sees Large Growth in Short Interest

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 251,770 shares, a growth of 93.4% from the June 30th total of 130,189 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 892,698 shares, the days-to-cover ratio is presently 0.3 days.

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund Trading Down 3.1%

Shares of ZROZ stock opened at $59.03 on Thursday. The business’s 50 day moving average is $62.29 and its two-hundred day moving average is $63.63. PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund has a 12-month low of $58.72 and a 12-month high of $71.21.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ZROZ. Parallel Advisors LLC lifted its position in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 3,517.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,700 shares of the company’s stock valued at $116,000 after buying an additional 1,653 shares in the last quarter. Sankala Group LLC purchased a new stake in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the 4th quarter worth $580,000. JPMorgan Chase & Co. increased its holdings in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 104.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,825 shares of the company’s stock worth $1,263,000 after acquiring an additional 9,623 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the 3rd quarter worth $2,848,000. Finally, Janney Montgomery Scott LLC raised its position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 2.7% during the first quarter. Janney Montgomery Scott LLC now owns 44,968 shares of the company’s stock worth $2,878,000 after acquiring an additional 1,187 shares during the period.

About PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF, formerly PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund ETF, is an exchange-traded fund. The Fund seeks to provide total return that closely corresponds to the total return of The BofA Merrill Lynch Long US Treasury Principal STRIPS Index (the Index) by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the Index. The Index is an unmanaged index consisting of long-maturity separate trading of registered interest and principal of securities representing the final principal payment of the United States Treasury bonds with at least $1 billion in outstanding face value and a remaining term to final maturity greater than or equal to 25 years.