Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Decreases By 38.4%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 36,017 shares, a drop of 38.4% from the May 31st total of 58,481 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 38,852 shares, the short-interest ratio is currently 0.9 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC acquired a new stake in PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth about $26,000. Kingdom Financial Group LLC. acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at about $28,000. International Assets Investment Management LLC increased its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 1,025.8% in 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 during the period. Rockefeller Capital Management L.P. purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter worth about $36,000. Finally, Arax Advisory Partners purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter worth about $49,000.

PIMCO Low Duration Exchange-Traded Fund Trading Up 0.1%

Shares of NYSEARCA:LDUR traded up $0.07 on Thursday, hitting $95.30. 28,627 shares of the company were exchanged, compared to its average volume of 76,063. PIMCO Low Duration Exchange-Traded Fund has a 1-year low of $95.07 and a 1-year high of $96.60. The stock’s 50 day moving average price is $95.47 and its 200 day moving average price is $95.78.

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.