PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Significant 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 during the month of October. As of October 30th, there was short interest totaling 25,635 shares, a growth of 318.9% from the October 15th total of 6,119 shares. Based on an average trading volume of 93,846 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several hedge funds and other institutional investors have recently bought and sold shares of CORP. Farther Finance Advisors LLC boosted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 43.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,135 shares of the company’s stock valued at $1,757,000 after purchasing an additional 5,806 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% in the 1st quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock valued at $1,105,000 after buying an additional 3,198 shares during the period. Evensky & Katz LLC acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 3rd quarter worth approximately $326,000. Arkadios Wealth Advisors increased its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% during the 1st quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock worth $305,000 after buying an additional 547 shares during the last quarter. Finally, Harbour Investments Inc. acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 3rd quarter worth approximately $131,000.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Down 0.2%

Shares of NYSEARCA CORP traded down $0.15 during trading on Friday, hitting $92.16. 110,507 shares of the company were exchanged, compared to its average volume of 107,030. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 12-month low of $91.07 and a 12-month high of $99.24. The company has a fifty day moving average price of $92.90 and a 200-day moving average price of $95.73.

About PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

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.