PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Up 1,246.5% in January

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 231,033 shares, a growth of 1,246.5% from the January 15th total of 17,158 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 58,362 shares, the short-interest ratio is currently 4.0 days. Based on an average daily volume of 58,362 shares, the short-interest ratio is currently 4.0 days. Currently, 1.8% of the shares of the company are sold short.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.1%

Shares of PIMCO Low Duration Exchange-Traded Fund stock traded down $0.10 on Wednesday, reaching $96.11. 50,526 shares of the stock were exchanged, compared to its average volume of 82,744. The business has a 50 day moving average price of $96.06 and a two-hundred day moving average price of $96.01. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $94.57 and a twelve month high of $96.93.

PIMCO Low Duration Exchange-Traded Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.32 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. PFG Advisors increased its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 2.2% in the second quarter. PFG Advisors now owns 26,190 shares of the company’s stock valued at $2,510,000 after purchasing an additional 565 shares during the period. AE Wealth Management LLC grew its holdings in PIMCO Low Duration Exchange-Traded Fund by 145.2% in the 2nd quarter. AE Wealth Management LLC now owns 21,030 shares of the company’s stock worth $2,015,000 after buying an additional 12,452 shares in the last quarter. Beckerman Institutional LLC increased its position in PIMCO Low Duration Exchange-Traded Fund by 2.5% in the 2nd quarter. Beckerman Institutional LLC now owns 65,433 shares of the company’s stock valued at $6,270,000 after acquiring an additional 1,592 shares during the period. Syverson Strege & Co increased its position in PIMCO Low Duration Exchange-Traded Fund by 3.1% in the 2nd quarter. Syverson Strege & Co now owns 13,063 shares of the company’s stock valued at $1,252,000 after acquiring an additional 388 shares during the period. Finally, Atria Investments Inc raised its stake in PIMCO Low Duration Exchange-Traded Fund by 149.3% during the 2nd quarter. Atria Investments Inc now owns 63,999 shares of the company’s stock valued at $6,133,000 after acquiring an additional 38,329 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.