Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Decreases By 78.5%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 7,761 shares, a decline of 78.5% from the June 15th total of 36,017 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 50,042 shares, the short-interest ratio is presently 0.2 days.

PIMCO Low Duration Exchange-Traded Fund Price Performance

Shares of NYSEARCA:LDUR traded down $0.07 during midday trading on Monday, hitting $95.12. The company had a trading volume of 34,881 shares, compared to its average volume of 77,381. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $95.08 and a twelve month high of $96.60. The business’s 50-day simple moving average is $95.39 and its 200-day simple moving average is $95.74.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Large investors have recently added to or reduced their stakes in the stock. Thayer Financial L.L.C. lifted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 2.6% in the 2nd quarter. Thayer Financial L.L.C. now owns 4,470 shares of the company’s stock valued at $427,000 after purchasing an additional 112 shares during the last quarter. Williams & Novak LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 2nd quarter worth about $222,000. Dynamic Advisor Solutions LLC increased its position in shares of PIMCO Low Duration Exchange-Traded Fund by 11.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 77,855 shares of the company’s stock worth $7,444,000 after purchasing an additional 7,694 shares during the last quarter. NewEdge Advisors LLC raised 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 valued at $2,933,000 after buying an additional 3,367 shares during the period. Finally, Bank of America Corp DE raised 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 valued at $40,608,000 after buying an additional 15,465 shares during the period.

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.