PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Large Decline in Short Interest

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 9,585 shares, a decrease of 38.9% from the January 15th total of 15,684 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 57,091 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 57,091 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Up 0.3%

NYSEARCA:CORP traded up $0.26 during mid-day trading on Friday, hitting $98.91. The company had a trading volume of 37,504 shares, compared to its average volume of 105,560. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a fifty-two week low of $92.45 and a fifty-two week high of $99.63. The business’s fifty day moving average is $98.16 and its two-hundred day moving average is $98.24.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.5%.

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

Several large investors have recently bought and sold shares of the company. Flow Traders U.S. LLC raised its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 852.1% in the second quarter. Flow Traders U.S. LLC now owns 70,210 shares of the company’s stock worth $6,832,000 after purchasing an additional 62,836 shares during the period. Wayfinding Financial LLC bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $4,126,000. NewEdge Advisors LLC increased its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% in the 3rd quarter. NewEdge Advisors LLC now owns 179,925 shares of the company’s stock valued at $17,744,000 after buying an additional 35,651 shares in the last quarter. Evensky & Katz LLC raised its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 73.1% during the 3rd quarter. Evensky & Katz LLC now owns 38,475 shares of the company’s stock worth $3,794,000 after buying an additional 16,244 shares during the period. Finally, Strategic Blueprint LLC lifted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 98.9% during the second quarter. Strategic Blueprint LLC now owns 19,238 shares of the company’s stock worth $1,872,000 after acquiring an additional 9,564 shares in the last quarter.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Company Profile

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.