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 target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 16,867 shares, a growth of 1,655.2% from the August 31st total of 961 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 66,009 shares, the days-to-cover ratio is presently 0.3 days.

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

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund stock traded down $0.16 during trading hours on Friday, reaching $92.37. 19,363 shares of the company’s stock were exchanged, compared to its average volume of 103,625. The firm’s 50 day simple moving average is $94.68 and its 200 day simple moving average is $95.99. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a twelve month low of $92.28 and a twelve month high of $99.63.

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

Several large investors have recently added to or reduced their stakes in the business. RMG Wealth Management LLC acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the first quarter valued at approximately $77,000. Ruggiero Investments Inc. acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth approximately $212,000. Arkadios Wealth Advisors grew its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% during the 1st quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock worth $305,000 after buying an additional 547 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% in the 1st quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock valued at $1,105,000 after acquiring an additional 3,198 shares in the last quarter.

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.