PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Short Interest Up 111.5% in May

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 17,322 shares, a growth of 111.5% from the May 14th total of 8,190 shares. Based on an average trading volume of 75,067 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Down 0.1%

Shares of NYSEARCA:CORP traded down $0.09 on Friday, hitting $96.71. The company had a trading volume of 35,521 shares, compared to its average volume of 101,949. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 52-week low of $95.36 and a 52-week high of $99.63. The business has a 50 day moving average of $96.80 and a 200 day moving average of $97.60.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% in the third quarter. NewEdge Advisors LLC now owns 179,925 shares of the company’s stock valued at $17,744,000 after acquiring an additional 35,651 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.0% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 140,919 shares of the company’s stock valued at $13,848,000 after acquiring an additional 9,207 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.9% in the third quarter. Flow Traders U.S. LLC now owns 81,384 shares of the company’s stock valued at $8,026,000 after acquiring an additional 11,174 shares in the last quarter. Evensky & Katz LLC lifted its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 30.0% in the fourth quarter. Evensky & Katz LLC now owns 50,020 shares of the company’s stock valued at $4,894,000 after acquiring an additional 11,545 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at $4,126,000.

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.