Bond giant PIMCO on Wednesday said it will change the ticker for PIMCO Total Return ETF (NYSEArca: TRXT), which has already gathered nearly $260 million in less than a month of trading.
The company said it will change the NYSE ticker for the PIMCO Total Return ETF from TRXT to BOND on April 4.
Bill Gross manages the ETF, which uses the same strategy as PIMCO Total Return Fund. It is the world’s largest mutual fund with about $250 billion in assets. [PIMCO’s Gross Favors Shorter Duration, Inflation-Protected Bonds]
“The shift from the ticker TRXT to BOND is designed to make it even easier for investors to access the PIMCO Total Return ETF,” the asset manager said in a press release.