Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Rises By 170.2%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 12,700 shares, an increase of 170.2% from the August 31st total of 4,700 shares. Based on an average daily trading volume, of 39,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 39,800 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Low Duration Exchange-Traded Fund Price Performance

PIMCO Low Duration Exchange-Traded Fund stock opened at $95.88 on Friday. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $94.57 and a twelve month high of $96.93. The firm has a 50 day moving average price of $95.92 and a 200-day moving average price of $95.62.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC grew its holdings in PIMCO Low Duration Exchange-Traded Fund by 1.9% during the first quarter. CWM LLC now owns 966,930 shares of the company’s stock valued at $92,803,000 after purchasing an additional 18,178 shares during the period. Advocacy Wealth Management Services LLC grew its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 7.4% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 439,985 shares of the company’s stock worth $42,164,000 after acquiring an additional 30,297 shares during the period. TD Capital Management LLC grew its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 2.3% during the 1st quarter. TD Capital Management LLC now owns 428,021 shares of the company’s stock worth $41,080,000 after acquiring an additional 9,755 shares during the period. LPL Financial LLC boosted its position in PIMCO Low Duration Exchange-Traded Fund by 47.1% during the first quarter. LPL Financial LLC now owns 378,586 shares of the company’s stock worth $36,336,000 after purchasing an additional 121,268 shares during the period. Finally, Bank of America Corp DE boosted its position in PIMCO Low Duration Exchange-Traded Fund by 3.3% during the second quarter. Bank of America Corp DE now owns 360,068 shares of the company’s stock worth $34,505,000 after purchasing an additional 11,453 shares during the period.

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.