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 August. As of August 31st, there was short interest totaling 29,631 shares, an increase of 161.7% from the August 15th total of 11,324 shares. Based on an average trading volume of 45,981 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advocacy Wealth Management LLC increased its holdings in PIMCO Low Duration Exchange-Traded Fund by 55.8% in the 2nd quarter. Advocacy Wealth Management LLC now owns 1,684,382 shares of the company’s stock worth $159,109,000 after acquiring an additional 603,574 shares in the last quarter. LPL Financial LLC boosted its position in shares of PIMCO Low Duration Exchange-Traded Fund by 38.6% in the fourth quarter. LPL Financial LLC now owns 597,089 shares of the company’s stock worth $57,288,000 after purchasing an additional 166,306 shares during the period. Cetera Investment Advisers boosted its position in shares of PIMCO Low Duration Exchange-Traded Fund by 482.3% in the first quarter. Cetera Investment Advisers now owns 158,558 shares of the company’s stock worth $15,193,000 after purchasing an additional 131,327 shares during the period. Gateway Wealth Partners LLC increased its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 120.8% in the first quarter. Gateway Wealth Partners LLC now owns 176,020 shares of the company’s stock worth $16,866,000 after purchasing an additional 96,291 shares in the last quarter. Finally, Kintra Wealth LLC bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 2nd quarter valued at $3,976,000.

PIMCO Low Duration Exchange-Traded Fund Price Performance

Shares of NYSEARCA:LDUR opened at $94.63 on Friday. The stock’s 50-day simple moving average is $95.26 and its two-hundred day simple moving average is $95.47. PIMCO Low Duration Exchange-Traded Fund has a 52-week low of $94.59 and a 52-week 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.