PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Large Drop in Short Interest

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 8,074 shares, a decline of 78.6% from the September 15th total of 37,671 shares. Based on an average daily trading volume, of 67,654 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.1%

PIMCO Low Duration Exchange-Traded Fund stock traded down $0.13 on Friday, hitting $94.04. The company’s stock had a trading volume of 123,564 shares, compared to its average volume of 78,218. The company has a fifty day moving average price of $94.84 and a 200-day moving average price of $95.24. PIMCO Low Duration Exchange-Traded Fund has a one year low of $93.74 and a one year high of $96.60.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position in PIMCO Low Duration Exchange-Traded Fund by 1,025.8% in the first quarter. International Assets Investment Management LLC now owns 349 shares of the company’s stock worth $33,000 after purchasing an additional 318 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in PIMCO Low Duration Exchange-Traded Fund during the fourth quarter worth about $36,000. Motiv8 Investments LLC bought a new position in PIMCO Low Duration Exchange-Traded Fund during the fourth quarter worth about $53,000. Simplicity Wealth LLC acquired a new stake in PIMCO Low Duration Exchange-Traded Fund during the first quarter valued at approximately $201,000. Finally, AdvisorNet Financial Inc acquired a new stake in PIMCO Low Duration Exchange-Traded Fund during the first quarter valued at approximately $211,000.

PIMCO Low Duration Exchange-Traded Fund Company Profile

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.