PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Significant Drop in Short Interest

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 9,913 shares, a drop of 71.7% from the July 30th total of 35,079 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 57,794 shares, the short-interest ratio is currently 0.2 days.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Performance

Shares of NYSEARCA CORP traded down $0.35 during midday trading on Friday, hitting $95.09. The company’s stock had a trading volume of 26,825 shares, compared to its average volume of 105,624. The stock has a fifty day moving average price of $95.64 and a 200 day moving average price of $96.64. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a one year low of $94.49 and a one year high of $99.63.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% in the third quarter. NewEdge Advisors LLC now owns 179,925 shares of the company’s stock valued at $17,744,000 after purchasing an additional 35,651 shares in the last quarter. Evensky & Katz LLC lifted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 30.0% during the 4th quarter. Evensky & Katz LLC now owns 50,020 shares of the company’s stock worth $4,894,000 after purchasing an additional 11,545 shares in the last quarter. Wayfinding Financial LLC bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth about $4,126,000. JPMorgan Chase & Co. boosted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 9.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 37,601 shares of the company’s stock worth $3,659,000 after purchasing an additional 3,217 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 3.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 36,706 shares of the company’s stock worth $3,592,000 after purchasing an additional 1,121 shares during the period.

About PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

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.