PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (ZROZ)Long Government | Exchange Traded Fund | NYSEArca
60.74 USD
-0.46
(-0.752%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 60.65 -0.09 (-0.090%) ⇩ (July 13, 2026, 6:24 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 4:56 a.m. EDT
This instrument is a distressed play on extreme duration risk, not a standard bond investment. The underlying asset, a zero-coupon treasury with 25+ years to maturity, has suffered a catastrophic multi-year decline, dropping nearly 55% over the last nine years as yields surged past 5%. The price action confirms this structural deterioration, with the fund trading well below its 200-day average and showing no signs of recovery in the recent weekly close. While the 5% dividend yield provides some income, it is insufficient to offset the capital destruction; the payout ratio appears sustainable but cannot reverse the trend. Options data screams caution, with traders buying deep protection rather than betting on a rally. For a short-term trader, the momentum is firmly bearish, and the statistical forecast offers no relief. Long-term holders face a difficult road given the sensitivity of zero-coupon bonds to interest rate fluctuations, making this a high-risk speculative vehicle rather than a core holding. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.016539 |
| AutoETS | 0.017253 |
| AutoARIMA | 0.017253 |
| AutoTheta | 0.018753 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 59% |
| H-stat | 1.22 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.971 |
| Excess Kurtosis | 0.17 |
As of July 11, 2026, 4:56 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive open interest in out-of-the-money puts (OTM OI % of 87% for Dec expiry vs 14% for calls). Call activity is concentrated near the money with significant volume at strikes slightly above current price, suggesting a hedge against further declines rather than a bullish breakout. Implied volatility is elevated on deep OTM puts, indicating a fear of a sharp drop toward the 55-60 range.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.29% | 5.06% | 4.49% | 3.66% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-01 | 0.810 | 1.293723 |
| 2026-04-01 | 0.820 | 1.296853 |
| 2025-12-31 | 0.880 | 1.369650 |
| 2025-10-01 | 0.740 | 1.098901 |
| 2025-07-01 | 0.790 | 1.185296 |
| 2025-04-01 | 0.780 | 1.082581 |
| 2024-12-31 | 0.840 | 1.224133 |
| 2024-10-01 | 0.760 | 0.920208 |
| 2024-07-01 | 0.770 | 1.063389 |
| 2024-04-01 | 0.770 | 1.013425 |
| 2023-12-28 | 0.780 | 0.904872 |
| 2023-10-02 | 0.710 | 1.009814 |
| 2023-07-03 | 0.780 | 0.861022 |
| 2023-04-03 | 0.730 | 0.763518 |
| 2022-12-29 | 0.620 | 0.698828 |
| 2022-10-03 | 0.630 | 0.670784 |
| 2022-07-01 | 0.610 | 0.562523 |
| 2022-04-01 | 0.550 | 0.414250 |
| 2021-12-30 | 0.640 | 0.421080 |
| 2021-10-01 | 0.630 | 0.429653 |
| 2021-07-01 | 0.560 | 0.387115 |
| 2021-04-01 | 0.610 | 0.453565 |
| 2020-12-30 | 0.650 | 0.399263 |
| 2020-10-01 | 0.570 | 0.332323 |
| 2020-07-01 | 0.670 | 0.390193 |
| 2020-04-01 | 0.850 | 0.478873 |
| 2019-12-30 | 0.860 | 0.634780 |
| 2019-10-01 | 0.700 | 0.483526 |
| 2019-07-01 | 0.670 | 0.526605 |
| 2019-04-01 | 0.730 | 0.626717 |
| 2018-12-28 | 0.950 | 0.850492 |
| 2018-10-01 | 0.770 | 0.719693 |
| 2018-07-02 | 0.770 | 0.674787 |
| 2018-04-02 | 0.782 | 0.685484 |
| 2017-12-28 | 0.782 | 0.646655 |
| 2017-10-02 | 0.770 | 0.666955 |
| 2017-07-03 | 0.800 | 0.691443 |
| 2017-04-03 | 0.720 | 0.643950 |
| 2016-12-28 | 1.110 | 1.029589 |
| 2016-10-03 | 1.000 | 0.746380 |
| 2016-07-01 | 0.520 | 0.376948 |
| 2015-12-29 | 0.930 | 0.843384 |
| 2015-09-30 | 0.730 | 0.644307 |
| 2015-06-30 | 0.850 | 0.808292 |
| 2015-03-31 | 0.750 | 0.596611 |
| 2014-12-29 | 0.780 | 0.655793 |
| 2014-09-30 | 0.176 | 0.168276 |
| 2014-06-30 | 0.760 | 0.759848 |
| 2014-03-31 | 0.680 | 0.729614 |
| 2013-12-27 | 1.240 | 1.496681 |
| 2013-09-30 | 0.740 | 0.837862 |
| 2013-06-28 | 0.800 | 0.847099 |
| 2013-03-28 | 0.770 | 0.747138 |
| 2012-12-27 | 1.080 | 0.968957 |
| 2012-09-28 | 0.920 | 0.807442 |
| 2012-06-29 | 0.705 | 0.607863 |
| 2012-03-30 | 0.740 | 0.761787 |
| 2011-12-28 | 1.050 | 0.946287 |
| 2011-09-30 | 0.728 | 0.660977 |
| 2011-06-30 | 0.825 | 1.183135 |
| 2011-03-31 | 0.736 | 1.077599 |
| 2010-12-29 | 0.856 | 1.208186 |
| 2010-09-30 | 0.812 | 0.942980 |
| 2010-06-30 | 0.880 | 1.058583 |
| 2010-03-31 | 0.742 | 1.129720 |
| 2009-12-29 | 0.506 | 0.743899 |
| Attribute | Value |
|---|---|
| All Time High | 202.98 |
| All Time Low | 59.22 |
| Ask | 60.69 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 808,190 |
| Average Daily Volume3 Month | 564,486 |
| Average Volume | 564,486 |
| Average Volume10Days | 808,190 |
| Beta3 Year | 3.68 |
| Bid | 60.63 |
| Bid Size | 600 |
| Category | Long Government |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 60.99 |
| Day Low | 60.6 |
| Dividend Yield | 5.03 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 62.5794 |
| Fifty Day Average Change | -1.8393974 |
| Fifty Day Average Change Percent | -0.02939302 |
| Fifty Two Week Change Percent | -3.3938408 |
| Fifty Two Week High | 71.22 |
| Fifty Two Week High Change | -10.48 |
| Fifty Two Week High Change Percent | -0.14714967 |
| Fifty Two Week Low | 59.22 |
| Fifty Two Week Low Change | 1.5200005 |
| Fifty Two Week Low Change Percent | 0.025667012 |
| Fifty Two Week Range | 59.22 - 71.22 |
| First Trade Date Milliseconds | 1,257,345,000,000 |
| Five Year Average Return | -0.1307621 |
| Full Exchange Name | NYSEArca |
| Fund Family | PIMCO |
| Fund Inception Date | 1,256,860,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the ICE BofA Long U.S. Treasury Principal STRIPS Index (the "underlying index"). The underlying index is an unmanaged index comprised of long maturity Separate Trading of Registered Interest and Principal of Securities ("STRIPS") representing the final principal payment of U.S. Treasury bonds. |
| Long Name | PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund |
| Market | us_market |
| Market State | POST |
| Max Age | 86,400 |
| Message Board Id | finmb_79086087 |
| Nav Price | 61.19 |
| Net Assets | 1,368,219,650.0 |
| Net Expense Ratio | 0.15 |
| Open | 60.82 |
| Post Market Change | -0.09000015 |
| Post Market Change Percent | -0.14817278 |
| Post Market Price | 60.65 |
| Post Market Time | 1,783,981,446 |
| Previous Close | 61.2 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.459999 |
| Regular Market Change Percent | -0.751633 |
| Regular Market Day High | 60.99 |
| Regular Market Day Low | 60.6 |
| Regular Market Day Range | 60.6 - 60.99 |
| Regular Market Open | 60.82 |
| Regular Market Previous Close | 61.2 |
| Regular Market Price | 60.74 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 634,857 |
| Short Name | PIMCO 25 Year Zero Coupon U.S. |
| Source Interval | 15 |
| Symbol | ZROZ |
| Three Year Average Return | -0.0693578 |
| Total Assets | 1,368,219,648 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 1.13702 |
| Trailing Three Month Returns | 1.13702 |
| Triggerable | 1 |
| Two Hundred Day Average | 65.25535 |
| Two Hundred Day Average Change | -4.5153465 |
| Two Hundred Day Average Change Percent | -0.06919504 |
| Type Disp | ETF |
| Volume | 634,857 |
| Yield | 0.050300002 |
| Ytd Return | 1.18424 |