Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Drops By 61.9%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 117,261 shares, a drop of 61.9% from the February 26th total of 308,014 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 73,540 shares, the days-to-cover ratio is currently 1.6 days.

PIMCO Low Duration Exchange-Traded Fund Price Performance

Shares of PIMCO Low Duration Exchange-Traded Fund stock traded down $0.33 during trading hours on Thursday, hitting $95.27. The company’s stock had a trading volume of 26,372 shares, compared to its average volume of 73,987. The business has a 50 day moving average price of $96.00 and a two-hundred day moving average price of $96.04. PIMCO Low Duration Exchange-Traded Fund has a 12-month low of $94.57 and a 12-month high of $96.60.

PIMCO Low Duration Exchange-Traded Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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

Institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the third quarter valued at approximately $26,000. Kingdom Financial Group LLC. bought a new position in shares of PIMCO Low Duration Exchange-Traded Fund during the fourth quarter worth $28,000. Rockefeller Capital Management L.P. purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at $36,000. Arax Advisory Partners purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at $49,000. Finally, Motiv8 Investments LLC bought a new stake in PIMCO Low Duration Exchange-Traded Fund in the 4th quarter valued at $53,000.

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.