PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Shares Shorted: Short Interest Down 82.0% in October

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 5,369 shares, a drop of 82.0% from the October 15th total of 29,853 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 95,320 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On PIMCO Low Duration Exchange-Traded Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LDUR. International Assets Investment Management LLC raised its stake 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 worth $33,000 after buying an additional 318 shares in the last quarter. Harbour Investments Inc. acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at $112,000. Parallel Advisors LLC lifted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 257.1% in the third quarter. Parallel Advisors LLC now owns 1,389 shares of the company’s stock valued at $131,000 after buying an additional 1,000 shares during the period. Simplicity Wealth LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the first quarter valued at $201,000. Finally, Cibc World Market Inc. bought a new position in PIMCO Low Duration Exchange-Traded Fund during the third quarter valued at about $204,000.

PIMCO Low Duration Exchange-Traded Fund Trading Up 0.0%

Shares of PIMCO Low Duration Exchange-Traded Fund stock traded up $0.03 on Friday, hitting $94.13. The company had a trading volume of 37,398 shares, compared to its average volume of 78,644. PIMCO Low Duration Exchange-Traded Fund has a 52 week low of $93.74 and a 52 week high of $96.54. The business has a 50-day simple moving average of $94.36 and a 200-day simple moving average of $95.27.

About PIMCO Low Duration Exchange-Traded Fund

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.