PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Significant Increase in Short Interest

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 29,236 shares, a growth of 268.8% from the July 15th total of 7,927 shares. Based on an average daily trading volume, of 57,636 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

PIMCO Low Duration Exchange-Traded Fund stock traded up $0.07 during mid-day trading on Friday, hitting $95.45. 43,648 shares of the company’s stock were exchanged, compared to its average volume of 82,923. PIMCO Low Duration Exchange-Traded Fund has a fifty-two week low of $95.05 and a fifty-two week high of $96.60. The company’s 50 day simple moving average is $95.33 and its 200-day simple moving average is $95.61.

Institutional Investors Weigh In On PIMCO Low Duration Exchange-Traded Fund

Several large investors have recently made changes to their positions in LDUR. Kingdom Financial Group LLC. bought a new stake in PIMCO Low Duration Exchange-Traded Fund in the 4th quarter valued at $28,000. International Assets Investment Management LLC raised its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 1,025.8% in the 1st quarter. International Assets Investment Management LLC now owns 349 shares of the company’s stock valued at $33,000 after purchasing an additional 318 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the 4th quarter valued at about $36,000. Arax Advisory Partners acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the 4th quarter valued at about $49,000. Finally, Motiv8 Investments LLC bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at about $53,000.

PIMCO Low Duration Exchange-Traded Fund Company Profile

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.