PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Update

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 36,017 shares, a drop of 38.4% from the May 31st total of 58,481 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 38,852 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On PIMCO Low Duration Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LDUR. Clearstead Advisors LLC purchased a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the third quarter worth about $26,000. Kingdom Financial Group LLC. purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the 4th quarter valued at approximately $28,000. International Assets Investment Management LLC raised its position in shares of PIMCO Low Duration Exchange-Traded Fund by 1,025.8% in the 1st quarter. International Assets Investment Management LLC now owns 349 shares of the company’s stock valued at $33,000 after purchasing an additional 318 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the 4th quarter valued at approximately $36,000. Finally, Arax Advisory Partners acquired a new stake in PIMCO Low Duration Exchange-Traded Fund in the 4th quarter worth approximately $49,000.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

Shares of LDUR traded up $0.07 during midday trading on Thursday, hitting $95.30. 28,627 shares of the company’s stock traded hands, compared to its average volume of 76,063. PIMCO Low Duration Exchange-Traded Fund has a 1 year low of $95.07 and a 1 year high of $96.60. The firm’s fifty day moving average is $95.47 and its 200-day moving average is $95.78.

PIMCO Low Duration Exchange-Traded Fund Company Profile

The PIMCO Enhanced Low Duration Active Exchange-Traded Fund (LDUR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed broad-market, investment-grade bond fund with target duration between 1-3 years. LDUR was launched on Jan 22, 2014 and is managed by PIMCO.