PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Short Interest Update

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 9,585 shares, a decrease of 38.9% from the January 15th total of 15,684 shares. Based on an average daily volume of 57,091 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 57,091 shares, the short-interest ratio is currently 0.2 days.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Up 0.3%

CORP traded up $0.26 during trading on Friday, hitting $98.91. The company’s stock had a trading volume of 37,504 shares, compared to its average volume of 105,560. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a one year low of $92.45 and a one year high of $99.63. The business’s 50 day simple moving average is $98.14 and its 200-day simple moving average is $98.22.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter valued at approximately $54,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 3rd quarter valued at $69,000. Triumph Capital Management bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 3rd quarter valued at $155,000. Ruggiero Investments Inc. purchased a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at $212,000. Finally, Arkadios Wealth Advisors bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth $255,000.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Company Profile

The PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated investment-grade corporate bonds. CORP was launched on Sep 20, 2010 and is managed by PIMCO.