PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Short Interest Up 184.9% in March

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 260,909 shares, a growth of 184.9% from the March 15th total of 91,579 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 126,550 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

Institutional investors have recently bought and sold shares of the stock. Torren Management LLC purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter worth about $2,735,000. Ares Financial Consulting LLC acquired a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter worth about $3,102,000. Hirtle Callaghan & Co LLC boosted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 14.1% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 67,099 shares of the company’s stock worth $3,472,000 after acquiring an additional 8,267 shares during the period. WFA of San Diego LLC boosted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% during the 4th quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter worth about $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 Trading Up 0.1%

LTPZ traded up $0.05 during trading on Friday, reaching $51.66. The company had a trading volume of 39,836 shares, compared to its average volume of 87,942. The firm’s 50-day simple moving average is $52.16 and its 200 day simple moving average is $52.62. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 12-month low of $49.04 and a 12-month 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.