Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Decreases By 61.3%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 11,324 shares, a decrease of 61.3% from the July 30th total of 29,236 shares. Based on an average daily trading volume, of 191,808 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advocacy Wealth Management LLC grew its holdings in PIMCO Low Duration Exchange-Traded Fund by 55.8% during the second quarter. Advocacy Wealth Management LLC now owns 1,684,382 shares of the company’s stock worth $159,109,000 after purchasing an additional 603,574 shares during the period. LPL Financial LLC increased its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 38.6% in the fourth quarter. LPL Financial LLC now owns 597,089 shares of the company’s stock valued at $57,288,000 after purchasing an additional 166,306 shares during the last quarter. TD Capital Management LLC raised its position in shares of PIMCO Low Duration Exchange-Traded Fund by 0.8% in the fourth quarter. TD Capital Management LLC now owns 431,360 shares of the company’s stock valued at $41,387,000 after purchasing an additional 3,564 shares during the period. Bank of America Corp DE lifted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 3.8% during the 1st quarter. Bank of America Corp DE now owns 423,799 shares of the company’s stock worth $40,608,000 after buying an additional 15,465 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 3.8% during the 4th quarter. JPMorgan Chase & Co. now owns 278,513 shares of the company’s stock worth $26,722,000 after buying an additional 10,152 shares during the period.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

NYSEARCA LDUR traded down $0.26 during trading hours on Friday, hitting $95.21. 77,409 shares of the company traded hands, compared to its average volume of 80,754. The business’s 50-day moving average is $95.35 and its 200-day moving average is $95.56. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $95.05 and a twelve month high of $96.60.

About PIMCO Low Duration Exchange-Traded Fund

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.