Short Interest in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Increases By 69.2%

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 8,044 shares, an increase of 69.2% from the February 12th total of 4,755 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 72,416 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 72,416 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Down 0.3%

Shares of NYSEARCA CORP opened at $96.43 on Friday. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 1-year low of $92.45 and a 1-year high of $99.63. The business’s fifty day moving average price is $98.23 and its two-hundred day moving average price is $98.39.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were issued a $0.38 dividend. This is a boost from PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund’s previous monthly dividend of $0.37. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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

Several hedge funds have recently bought and sold shares of CORP. IFC & Insurance Marketing Inc. acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at about $54,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the third quarter valued at approximately $69,000. Triumph Capital Management acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the third quarter valued at approximately $155,000. Ruggiero Investments Inc. bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter valued at approximately $212,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter valued at approximately $255,000.

About PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

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.