PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sees Large Increase in Short Interest

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 791,616 shares, an increase of 2,543.6% from the July 30th total of 29,945 shares. Currently, 5.3% of the shares of the company are sold short. Based on an average trading volume of 383,111 shares, the short-interest ratio is presently 2.1 days.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Up 0.9%

NYSEARCA LTPZ traded up $0.43 during trading hours on Tuesday, hitting $48.52. 339,537 shares of the stock were exchanged, compared to its average volume of 148,476. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund has a 12-month low of $47.10 and a 12-month high of $54.87. The stock has a 50-day moving average of $48.97 and a 200 day moving average of $50.71.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WFA of San Diego LLC lifted its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% in the 4th quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock valued at $35,000 after buying an additional 400 shares during the period. Atlas Capital Advisors Inc. acquired a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter worth $235,000. Greenline Partners LLC grew its holdings in 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 worth $1,566,000 after acquiring an additional 2,190 shares during the period. Ares Financial Consulting LLC raised its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% in the second quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock worth $3,458,000 after acquiring an additional 11,084 shares in the last quarter. Finally, Essential Partners LLC raised its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% in the first quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock worth $387,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.