PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Large Growth in Short Interest

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 42,550 shares, an increase of 116.0% from the June 15th total of 19,698 shares. Based on an average daily trading volume, of 72,539 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Up 0.3%

NYSEARCA:CORP traded up $0.32 during trading hours on Wednesday, reaching $95.96. 20,840 shares of the company were exchanged, compared to its average volume of 96,957. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 1-year low of $95.36 and a 1-year high of $99.63. The business has a 50 day moving average of $96.51 and a 200 day moving average of $97.31.

Hedge Funds Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 9.4% in the second quarter. JPMorgan Chase & Co. now owns 37,601 shares of the company’s stock valued at $3,659,000 after acquiring an additional 3,217 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.9% in the second quarter. Ameriprise Financial Inc. now owns 22,474 shares of the company’s stock valued at $2,187,000 after acquiring an additional 1,840 shares during the last quarter. Triumph Capital Management bought a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 3rd quarter valued at approximately $155,000. NewEdge Advisors LLC grew its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% during the 3rd quarter. NewEdge Advisors LLC now owns 179,925 shares of the company’s stock valued at $17,744,000 after acquiring an additional 35,651 shares during the period. Finally, Keystone Financial Group increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 4.6% during the 3rd quarter. Keystone Financial Group now owns 2,906 shares of the company’s stock worth $287,000 after purchasing an additional 129 shares during the last quarter.

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.