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

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 58,481 shares, a growth of 256.5% from the May 14th total of 16,406 shares. Based on an average daily trading volume, of 50,983 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On PIMCO Low Duration Exchange-Traded Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in PIMCO Low Duration Exchange-Traded Fund by 12.4% in the 1st quarter. NewEdge Advisors LLC now owns 30,609 shares of the company’s stock worth $2,933,000 after buying an additional 3,367 shares in the last quarter. Bank of America Corp DE grew its holdings in PIMCO Low Duration Exchange-Traded Fund by 3.8% in the 1st quarter. Bank of America Corp DE now owns 423,799 shares of the company’s stock worth $40,608,000 after buying an additional 15,465 shares in the last quarter. Financial Insights Inc. increased its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 53.3% during the first quarter. Financial Insights Inc. now owns 3,478 shares of the company’s stock valued at $333,000 after acquiring an additional 1,209 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund during the first quarter valued at approximately $423,000. Finally, Royal Bank of Canada increased its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 4.3% during the first quarter. Royal Bank of Canada now owns 163,216 shares of the company’s stock valued at $15,640,000 after acquiring an additional 6,714 shares during the period.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

LDUR stock traded down $0.04 on Friday, reaching $95.40. The company’s stock had a trading volume of 32,383 shares, compared to its average volume of 79,499. PIMCO Low Duration Exchange-Traded Fund has a 52 week low of $95.07 and a 52 week high of $96.60. The firm has a fifty day moving average of $95.51 and a two-hundred day moving average of $95.83.

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.