Pimco Total Return ETF (NYSE:BOND) Sees Significant Decline in Short Interest

Pimco Total Return ETF (NYSE:BOND) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 98,347 shares, a drop of 82.3% from the October 15th total of 555,768 shares. Based on an average daily trading volume, of 1,249,104 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Pimco Total Return ETF

Hedge funds have recently bought and sold shares of the business. Scarborough Advisors LLC grew its stake in shares of Pimco Total Return ETF by 102.0% in the 1st quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Latitude Advisors LLC bought a new position in shares of Pimco Total Return ETF in the 3rd quarter valued at about $30,000. Beaird Harris Wealth Management LLC bought a new position in shares of Pimco Total Return ETF in the 2nd quarter valued at about $31,000. SYM FINANCIAL Corp bought a new position in shares of Pimco Total Return ETF in the 3rd quarter valued at about $40,000. Finally, Cornerstone Planning Group LLC grew its position in Pimco Total Return ETF by 40.6% in the first quarter. Cornerstone Planning Group LLC now owns 447 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 129 shares in the last quarter.

Pimco Total Return ETF Stock Performance

Shares of BOND traded down $0.67 during mid-day trading on Thursday, hitting $87.69. 638,214 shares of the stock were exchanged, compared to its average volume of 664,111. The company has a market cap of $9.03 billion, a PE ratio of 1.60 and a beta of 0.28. Pimco Total Return ETF has a 52-week low of $86.11 and a 52-week high of $94.68. The firm has a 50-day moving average of $88.26 and a two-hundred day moving average of $91.13.

Pimco Total Return ETF Company Profile

The PIMCO Active Bond Exchange-Traded Fund (BOND) is an exchange-traded fund that is based on the Barclays U.S. Aggregate index. The fund is an actively managed portfolio that aims to maintain a consistent level of dividend income by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies. BOND was launched on Mar 1, 2012 and is managed by PIMCO.