PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 791,616 shares, a growth of 2,543.6% from the July 30th total of 29,945 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average daily volume of 383,111 shares, the days-to-cover ratio is currently 2.1 days.
Hedge Funds Weigh In On PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Greenline Partners LLC grew its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% in the third quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock worth $1,566,000 after acquiring an additional 2,190 shares in the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter valued at $3,102,000. Torren Management LLC purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter valued at $2,735,000. Hirtle Callaghan & Co LLC boosted 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 valued at $3,472,000 after purchasing an additional 8,267 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter valued at $235,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Price Performance
NYSEARCA LTPZ opened at $48.52 on Wednesday. The firm has a 50 day simple moving average of $48.97 and a 200-day simple moving average of $50.71. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a one year low of $47.10 and a one year high of $54.87.
About PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
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.
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