Short Interest in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Drops By 33.5%

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 28,315 shares, a drop of 33.5% from the June 30th total of 42,550 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 72,990 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several institutional investors have recently bought and sold shares of the stock. IFC & Insurance Marketing Inc. bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at $54,000. RMG Wealth Management LLC acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 1st quarter valued at $77,000. Triumph Capital Management bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 3rd quarter worth about $155,000. Ruggiero Investments Inc. acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth about $212,000. Finally, Arkadios Wealth Advisors bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at about $255,000.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Up 0.2%

NYSEARCA CORP opened at $95.27 on Friday. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 1-year low of $94.49 and a 1-year high of $99.63. The stock’s 50 day moving average is $96.27 and its two-hundred day moving average is $97.08.

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.