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

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 36,017 shares, a decrease of 38.4% from the May 31st total of 58,481 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,852 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LDUR. Clearstead Advisors LLC acquired a new position in PIMCO Low Duration Exchange-Traded Fund during the third quarter worth about $26,000. Kingdom Financial Group LLC. acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 4th quarter valued at $28,000. International Assets Investment Management LLC lifted its position in shares of PIMCO Low Duration Exchange-Traded Fund by 1,025.8% during the 1st quarter. International Assets Investment Management LLC now owns 349 shares of the company’s stock valued at $33,000 after acquiring an additional 318 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth $36,000. Finally, Arax Advisory Partners acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the 4th quarter worth $49,000.

PIMCO Low Duration Exchange-Traded Fund Stock Down 0.0%

PIMCO Low Duration Exchange-Traded Fund stock traded down $0.01 during trading hours on Friday, hitting $95.29. 28,727 shares of the company traded hands, compared to its average volume of 76,064. PIMCO Low Duration Exchange-Traded Fund has a 1-year low of $95.07 and a 1-year high of $96.60. The firm’s 50-day simple moving average is $95.46 and its two-hundred day simple moving average is $95.78.

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.