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

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 9,913 shares, a drop of 71.7% from the July 30th total of 35,079 shares. Based on an average daily volume of 57,794 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

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 $0.02 on Thursday, reaching $95.44. The stock had a trading volume of 23,481 shares, compared to its average volume of 106,105. The business’s 50-day moving average price is $95.70 and its two-hundred day moving average price is $96.67. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a fifty-two week low of $94.49 and a fifty-two week high of $99.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CORP. IFC & Insurance Marketing Inc. acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at about $54,000. RMG Wealth Management LLC bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter worth $77,000. Triumph Capital Management acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 3rd quarter valued at $155,000. Ruggiero Investments Inc. acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at $212,000. Finally, Arkadios Wealth Advisors bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $255,000.

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.