PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Shares Shorted: Short Interest Down 78.6% in September

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 8,074 shares, a decrease of 78.6% from the September 15th total of 37,671 shares. Based on an average daily trading volume, of 67,654 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

LDUR stock remained flat at $94.04 during midday trading on Monday. 122,343 shares of the company traded hands, compared to its average volume of 78,444. The company’s fifty day moving average is $94.84 and its two-hundred day moving average is $95.24. PIMCO Low Duration Exchange-Traded Fund has a 52 week low of $93.74 and a 52 week high of $96.60.

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

Several hedge funds have recently modified their holdings of the company. Essex Financial Services Inc. lifted its stake in PIMCO Low Duration Exchange-Traded Fund by 8.0% in the 1st quarter. Essex Financial Services Inc. now owns 53,040 shares of the company’s stock valued at $5,082,000 after buying an additional 3,930 shares in the last quarter. Family Investment Center Inc. boosted its holdings in PIMCO Low Duration Exchange-Traded Fund by 17.1% in the 1st quarter. Family Investment Center Inc. now owns 25,814 shares of the company’s stock worth $2,474,000 after buying an additional 3,765 shares during the last quarter. RFG Advisory LLC boosted its holdings in PIMCO Low Duration Exchange-Traded Fund by 89.4% in the 1st quarter. RFG Advisory LLC now owns 16,478 shares of the company’s stock worth $1,579,000 after buying an additional 7,777 shares during the last quarter. AdvisorNet Financial Inc purchased a new stake in PIMCO Low Duration Exchange-Traded Fund during the 1st quarter worth approximately $211,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth approximately $36,000.

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.