Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Expands By 70.5%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 393,872 shares, a growth of 70.5% from the January 29th total of 231,033 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 146,179 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily trading volume, of 146,179 shares, the days-to-cover ratio is currently 2.7 days. Currently, 3.0% of the company’s stock are sold short.

PIMCO Low Duration Exchange-Traded Fund Price Performance

Shares of NYSEARCA:LDUR traded up $0.11 on Friday, reaching $96.47. The company had a trading volume of 49,790 shares, compared to its average volume of 83,933. The stock has a 50-day moving average price of $96.15 and a 200 day moving average price of $96.07. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $94.57 and a twelve month high of $96.60.

PIMCO Low Duration Exchange-Traded Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors 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 was Monday, February 2nd.

Hedge Funds Weigh In On PIMCO Low Duration Exchange-Traded Fund

A number of institutional investors have recently modified their holdings of LDUR. Clearstead Advisors LLC bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth $26,000. Kingdom Financial Group LLC. acquired a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth $28,000. Arax Advisory Partners bought a new stake in PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at about $49,000. Motiv8 Investments LLC bought a new stake in PIMCO Low Duration Exchange-Traded Fund during the fourth quarter valued at about $53,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the second quarter valued at about $89,000.

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.