Pimco Total Return ETF (NYSE:BOND) Shares Shorted: Short Interest Up 1,539.9% in October

Pimco Total Return ETF (NYSE:BOND) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 555,768 shares, an increase of 1,539.9% from the September 30th total of 33,891 shares. Based on an average daily trading volume, of 1,241,943 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are short sold.

Pimco Total Return ETF Price Performance

Pimco Total Return ETF stock traded up $0.13 during trading hours on Monday, hitting $88.63. The company had a trading volume of 1,207,800 shares, compared to its average volume of 631,262. The firm has a market cap of $8.68 billion, a PE ratio of 1.60 and a beta of 0.28. The firm has a 50-day moving average of $88.68 and a 200 day moving average of $91.41. Pimco Total Return ETF has a one year low of $86.11 and a one year high of $94.68.

Institutional Investors Weigh In On Pimco Total Return ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BOND. Envestnet Asset Management Inc. increased its holdings in Pimco Total Return ETF by 13.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,955,221 shares of the exchange traded fund’s stock valued at $269,253,000 after purchasing an additional 340,777 shares during the period. Bank of America Corp DE raised its stake in Pimco Total Return ETF by 11.8% during the first quarter. Bank of America Corp DE now owns 1,625,567 shares of the exchange traded fund’s stock worth $150,007,000 after buying an additional 171,674 shares during the last quarter. Tectonic Advisors LLC grew its holdings in Pimco Total Return ETF by 3.2% during the 3rd quarter. Tectonic Advisors LLC now owns 1,724,091 shares of the exchange traded fund’s stock worth $149,979,000 after acquiring an additional 53,714 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Pimco Total Return ETF by 10.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,474,136 shares of the exchange traded fund’s stock valued at $135,930,000 after purchasing an additional 137,905 shares during the period. Finally, Waverly Advisors LLC lifted its stake in shares of Pimco Total Return ETF by 30.3% in the 2nd quarter. Waverly Advisors LLC now owns 1,332,448 shares of the exchange traded fund’s stock valued at $122,865,000 after purchasing an additional 310,172 shares during the period.

About Pimco Total Return ETF

The PIMCO Active Bond Exchange-Traded Fund (BOND) is an exchange-traded fund that is based on the Barclays U.S. Aggregate index. The fund is an actively managed portfolio that aims to maintain a consistent level of dividend income by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies. BOND was launched on Mar 1, 2012 and is managed by PIMCO.