Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Rises By 256.5%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDURGet Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 58,481 shares, a growth of 256.5% from the May 14th total of 16,406 shares. Based on an average daily volume of 50,983 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LDUR. Clearstead Advisors LLC purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth approximately $26,000. Kingdom Financial Group LLC. purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC grew its stake in PIMCO Low Duration Exchange-Traded Fund by 1,025.8% during the 1st quarter. International Assets Investment Management LLC now owns 349 shares of the company’s stock worth $33,000 after buying an additional 318 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth approximately $36,000. Finally, Arax Advisory Partners purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth approximately $49,000.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.0%

NYSEARCA:LDUR traded down $0.04 during mid-day trading on Friday, reaching $95.40. 32,383 shares of the stock were exchanged, compared to its average volume of 79,499. The company has a 50 day simple moving average of $95.51 and a 200-day simple moving average of $95.83. PIMCO Low Duration Exchange-Traded Fund has a 1 year low of $95.07 and a 1 year high of $96.60.

PIMCO Low Duration Exchange-Traded Fund Company Profile

(Get Free Report)

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.

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