PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,142,188 shares, a growth of 225.7% from the September 15th total of 350,704 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,668,101 shares, the days-to-cover ratio is currently 0.7 days.
PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund Trading Up 0.9%
Shares of NYSEARCA:ZROZ traded up $0.49 during midday trading on Tuesday, hitting $54.43. 1,320,763 shares of the company’s stock were exchanged, compared to its average volume of 743,600. The stock has a 50 day moving average price of $57.41 and a 200-day moving average price of $60.65. PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund has a 12 month low of $51.97 and a 12 month high of $71.21.
Institutional Trading of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Abound Financial LLC bought a new stake in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the fourth quarter worth $4,910,000. Janney Montgomery Scott LLC raised its position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 2.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 44,968 shares of the company’s stock valued at $2,878,000 after buying an additional 1,187 shares during the last quarter. Legacy Financial Advisors Inc. bought a new position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the 2nd quarter valued at $1,585,000. Sankala Group LLC bought a new position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the 4th quarter valued at $580,000. Finally, Oarsman Capital Inc. purchased a new position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the 2nd quarter worth $266,000.
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.
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