PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Stock Short Interest Rises 269.7%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 29,853 shares, a growth of 269.7% from the September 30th total of 8,074 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 89,898 shares, the days-to-cover ratio is presently 0.3 days.

PIMCO Low Duration Exchange-Traded Fund Stock Up 0.0%

PIMCO Low Duration Exchange-Traded Fund stock traded up $0.04 during trading hours on Wednesday, reaching $94.45. 420,477 shares of the stock were exchanged, compared to its average volume of 79,508. PIMCO Low Duration Exchange-Traded Fund has a 52-week low of $93.74 and a 52-week high of $96.54. The firm’s 50 day moving average is $94.59 and its 200 day moving average is $95.38.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LDUR. Advocacy Wealth Management LLC lifted its position in PIMCO Low Duration Exchange-Traded Fund by 55.8% in the second quarter. Advocacy Wealth Management LLC now owns 1,684,382 shares of the company’s stock valued at $159,109,000 after purchasing an additional 603,574 shares during the period. Cetera Investment Advisers lifted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 482.3% in the first quarter. Cetera Investment Advisers now owns 158,558 shares of the company’s stock valued at $15,193,000 after purchasing an additional 131,327 shares during the period. Gateway Wealth Partners LLC lifted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 120.8% in the first quarter. Gateway Wealth Partners LLC now owns 176,020 shares of the company’s stock valued at $16,866,000 after purchasing an additional 96,291 shares during the period. Valley National Advisers Inc. purchased a new stake in PIMCO Low Duration Exchange-Traded Fund during the third quarter worth about $8,901,000. Finally, Kintra Wealth LLC purchased a new stake in PIMCO Low Duration Exchange-Traded Fund during the second quarter worth about $3,976,000.

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.