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

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 41,029 shares, an increase of 128.3% from the April 15th total of 17,972 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 39,689 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Gateway Wealth Partners LLC boosted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 120.8% during the 1st quarter. Gateway Wealth Partners LLC now owns 176,020 shares of the company’s stock valued at $16,866,000 after buying an additional 96,291 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 482.3% in the 1st quarter. Cetera Investment Advisers now owns 158,558 shares of the company’s stock worth $15,193,000 after acquiring an additional 131,327 shares in the last quarter. Maimon Wealth Management LTD. lifted its position in PIMCO Low Duration Exchange-Traded Fund by 8.7% during the 1st quarter. Maimon Wealth Management LTD. now owns 46,350 shares of the company’s stock valued at $4,433,000 after acquiring an additional 3,710 shares during the period. Balefire LLC bought a new stake in PIMCO Low Duration Exchange-Traded Fund during the first quarter worth about $1,372,000. Finally, World Equity Group Inc. purchased a new stake in PIMCO Low Duration Exchange-Traded Fund in the first quarter worth about $737,000.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.2%

NYSEARCA:LDUR traded down $0.15 during trading hours on Friday, reaching $95.30. The company had a trading volume of 69,150 shares, compared to its average volume of 86,623. The business’s 50-day simple moving average is $95.62 and its two-hundred day simple moving average is $95.92. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $95.07 and a twelve month high of $96.60.

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.