Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Expands By 161.7%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 29,631 shares, a growth of 161.7% from the August 15th total of 11,324 shares. Based on an average daily trading volume, of 45,981 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

PIMCO Low Duration Exchange-Traded Fund Stock Up 0.0%

PIMCO Low Duration Exchange-Traded Fund stock traded up $0.02 during midday trading on Monday, hitting $94.65. 26,469 shares of the company’s stock were exchanged, compared to its average volume of 78,401. The firm has a 50-day moving average of $95.26 and a two-hundred day moving average of $95.47. PIMCO Low Duration Exchange-Traded Fund has a 12 month low of $94.55 and a 12 month high of $96.60.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kingdom Financial Group LLC. acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC boosted its holdings in PIMCO Low Duration Exchange-Traded Fund by 1,025.8% during the first quarter. International Assets Investment Management LLC now owns 349 shares of the company’s stock worth $33,000 after buying an additional 318 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at $36,000. Motiv8 Investments LLC acquired a new stake in PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at $53,000. Finally, Simplicity Wealth LLC acquired a new stake in PIMCO Low Duration Exchange-Traded Fund during the first quarter valued at $201,000.

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.