PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Short Interest Down 63.9% in March

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,904 shares, a decline of 63.9% from the February 26th total of 8,044 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 269,397 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. IFC & Insurance Marketing Inc. acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $54,000. Greykasell Wealth Strategies Inc. bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the third quarter valued at about $69,000. Triumph Capital Management bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the third quarter valued at about $155,000. Ruggiero Investments Inc. acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter worth about $212,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter worth about $255,000.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Down 0.2%

Shares of NYSEARCA CORP traded down $0.16 during trading hours on Friday, hitting $95.87. The stock had a trading volume of 54,364 shares, compared to its average volume of 124,201. The firm’s 50-day moving average price is $97.91 and its two-hundred day moving average price is $98.30. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 52 week low of $92.45 and a 52 week high of $99.63.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a $0.38 dividend. This is a positive change from PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund’s previous monthly dividend of $0.37. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, March 2nd.

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.