PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Up 161.7% in August

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 29,631 shares, a growth of 161.7% from the August 15th total of 11,324 shares. Based on an average daily volume of 45,981 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

Shares of LDUR traded down $0.04 during midday trading on Tuesday, hitting $94.61. 6,274 shares of the company’s stock traded hands, compared to its average volume of 77,959. PIMCO Low Duration Exchange-Traded Fund has a 1 year low of $94.55 and a 1 year high of $96.60. The firm’s fifty day moving average is $95.25 and its 200-day moving average is $95.45.

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

Several institutional investors have recently added to or reduced their stakes in the business. RFG Advisory LLC raised its position in shares of PIMCO Low Duration Exchange-Traded Fund by 60.6% in the 2nd quarter. RFG Advisory LLC now owns 26,457 shares of the company’s stock valued at $2,530,000 after purchasing an additional 9,979 shares during the last quarter. XY Planning Network Inc. increased its stake in PIMCO Low Duration Exchange-Traded Fund by 5.1% during the 2nd quarter. XY Planning Network Inc. now owns 2,325 shares of the company’s stock valued at $222,000 after purchasing an additional 112 shares in the last quarter. Citadel Advisors LLC acquired a new position in PIMCO Low Duration Exchange-Traded Fund during the 2nd quarter valued at approximately $1,147,000. Ameritas Advisory Services LLC raised its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 167.7% in the second quarter. Ameritas Advisory Services LLC now owns 8,076 shares of the company’s stock worth $772,000 after buying an additional 5,059 shares during the last quarter. Finally, Kintra Wealth LLC purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the second quarter worth $3,976,000.

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.