PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Large Increase in Short Interest

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,013 shares, a growth of 568.9% from the April 15th total of 899 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 74,995 shares, the short-interest ratio is currently 0.1 days.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Price Performance

Shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund stock traded down $0.29 on Tuesday, reaching $96.56. The company had a trading volume of 83,477 shares, compared to its average volume of 108,969. The firm’s 50 day moving average price is $97.14 and its two-hundred day moving average price is $97.94. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 52-week low of $94.42 and a 52-week high of $99.63.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CORP. JPMorgan Chase & Co. grew its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 9.4% in the second quarter. JPMorgan Chase & Co. now owns 37,601 shares of the company’s stock valued at $3,659,000 after purchasing an additional 3,217 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.9% in the second quarter. Ameriprise Financial Inc. now owns 22,474 shares of the company’s stock valued at $2,187,000 after purchasing an additional 1,840 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.5% in the third quarter. Jones Financial Companies Lllp now owns 59,118 shares of the company’s stock valued at $5,815,000 after purchasing an additional 7,932 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the third quarter valued at approximately $69,000. Finally, Elyxium Wealth LLC grew its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 13.1% in the third quarter. Elyxium Wealth LLC now owns 5,190 shares of the company’s stock valued at $512,000 after purchasing an additional 600 shares in the last quarter.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Company Profile

The PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated investment-grade corporate bonds. CORP was launched on Sep 20, 2010 and is managed by PIMCO.