Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Decreases By 61.3%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 11,324 shares, a decline of 61.3% from the July 30th total of 29,236 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 191,808 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.2%

PIMCO Low Duration Exchange-Traded Fund stock traded down $0.22 during midday trading on Friday, hitting $95.25. The stock had a trading volume of 65,749 shares, compared to its average volume of 80,663. The firm’s fifty day moving average is $95.36 and its two-hundred day moving average is $95.56. PIMCO Low Duration Exchange-Traded Fund has a 52-week low of $95.05 and a 52-week high of $96.60.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Kingdom Financial Group LLC. purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund during the 4th quarter valued at $28,000. International Assets Investment Management LLC raised 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 valued at $33,000 after acquiring an additional 318 shares during the period. Rockefeller Capital Management L.P. bought a new stake in PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at about $36,000. Arax Advisory Partners purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at about $49,000. Finally, Motiv8 Investments LLC bought a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter worth about $53,000.

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.