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 target 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. Based on an average daily volume of 87,483 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.7% of the company’s stock are short sold.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Hirtle Callaghan & Co LLC grew its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 14.1% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 67,099 shares of the company’s stock worth $3,472,000 after purchasing an additional 8,267 shares during the last quarter. IFP Advisors Inc grew its holdings 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 purchasing an additional 1,000 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter valued at $29,000. Torren Management LLC purchased a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter valued at $2,735,000. Finally, Greenline Partners LLC grew its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% during the third quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock valued at $1,566,000 after buying 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 Price Performance

NYSEARCA LTPZ traded up $0.02 on Friday, hitting $51.48. The stock had a trading volume of 47,610 shares, compared to its average volume of 89,818. The business’s fifty day moving average price is $51.27 and its 200 day moving average price is $52.05. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 52-week low of $49.66 and a 52-week high of $54.87.

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.