PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Update

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 7,761 shares, a decline of 78.5% from the June 15th total of 36,017 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 50,042 shares, the days-to-cover ratio is currently 0.2 days.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.1%

Shares of NYSEARCA LDUR traded down $0.14 during trading hours on Friday, hitting $95.19. The company had a trading volume of 112,794 shares, compared to its average volume of 77,710. PIMCO Low Duration Exchange-Traded Fund has a 1-year low of $95.07 and a 1-year high of $96.60. The firm’s 50 day moving average is $95.40 and its 200-day moving average is $95.75.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in LDUR. Jane Street Group LLC increased its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 730.2% during the 1st quarter. Jane Street Group LLC now owns 49,652 shares of the company’s stock worth $4,765,000 after purchasing an additional 43,671 shares during the last quarter. Raymond James Financial Inc. lifted its stake in PIMCO Low Duration Exchange-Traded Fund by 138.4% in the 2nd quarter. Raymond James Financial Inc. now owns 57,353 shares of the company’s stock valued at $5,496,000 after purchasing an additional 33,292 shares during the last quarter. Bank of America Corp DE grew its holdings 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. Curi Capital LLC increased its position in PIMCO Low Duration Exchange-Traded Fund by 44.8% during the second quarter. Curi Capital LLC now owns 4,915 shares of the company’s stock worth $471,000 after buying an additional 1,521 shares during the last quarter. Finally, Great Valley Advisor Group Inc. acquired a new position in PIMCO Low Duration Exchange-Traded Fund during the second quarter worth approximately $1,869,000.

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.