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

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 29,631 shares, an increase of 161.7% from the August 15th total of 11,324 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 45,981 shares, the days-to-cover ratio is currently 0.6 days.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

Shares of PIMCO Low Duration Exchange-Traded Fund stock opened at $94.63 on Friday. The stock’s 50-day simple moving average is $95.26 and its 200-day simple moving average is $95.47. PIMCO Low Duration Exchange-Traded Fund has a 52 week low of $94.59 and a 52 week high of $96.60.

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

Institutional investors have recently added to or reduced their stakes in the stock. Kingdom Financial Group LLC. bought a new position in shares of PIMCO Low Duration Exchange-Traded Fund during the fourth quarter worth $28,000. International Assets Investment Management LLC grew its position in shares of 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 purchasing an additional 318 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter worth about $36,000. Arax Advisory Partners purchased a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter worth about $49,000. Finally, Motiv8 Investments LLC purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter valued at approximately $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.