PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Down 60.0% in May

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 16,406 shares, a drop of 60.0% from the April 30th total of 41,029 shares. Based on an average trading volume of 48,602 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

PIMCO Low Duration Exchange-Traded Fund Stock Up 0.1%

Shares of LDUR stock traded up $0.12 during trading hours on Friday, reaching $95.59. The stock had a trading volume of 28,722 shares, compared to its average volume of 83,474. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $95.07 and a twelve month high of $96.60. The firm has a 50-day simple moving average of $95.57 and a 200-day simple moving average of $95.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC increased its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 1.7% during the fourth quarter. CWM LLC now owns 939,933 shares of the company’s stock valued at $90,182,000 after acquiring an additional 16,035 shares during the period. Advocacy Wealth Management LLC boosted its stake in PIMCO Low Duration Exchange-Traded Fund by 2.3% during the 4th quarter. Advocacy Wealth Management LLC now owns 911,899 shares of the company’s stock valued at $87,492,000 after purchasing an additional 20,348 shares in the last quarter. LPL Financial LLC boosted its stake in PIMCO Low Duration Exchange-Traded Fund by 38.6% during the 4th quarter. LPL Financial LLC now owns 597,089 shares of the company’s stock valued at $57,288,000 after purchasing an additional 166,306 shares in the last quarter. TD Capital Management LLC increased its position in shares of PIMCO Low Duration Exchange-Traded Fund by 0.8% during the 4th quarter. TD Capital Management LLC now owns 431,360 shares of the company’s stock valued at $41,387,000 after purchasing an additional 3,564 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of 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 worth $40,608,000 after buying an additional 15,465 shares in the last quarter.

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.