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

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 6,119 shares, a decline of 70.8% from the September 30th total of 20,961 shares. Based on an average daily volume of 137,034 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CORP. RMG Wealth Management LLC purchased a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the first quarter worth approximately $77,000. Arkadios Wealth Advisors boosted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% during the 1st quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock valued at $305,000 after acquiring an additional 547 shares during the period. Evensky & Katz LLC purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 3rd quarter valued at $326,000. Bank of New York Mellon Corp boosted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% during the 1st quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock valued at $1,105,000 after acquiring an additional 3,198 shares during the period. Finally, Farther Finance Advisors LLC grew its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 43.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,135 shares of the company’s stock valued at $1,757,000 after acquiring an additional 5,806 shares during the last quarter.

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

Shares of NYSEARCA:CORP opened at $93.26 on Wednesday. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 12 month low of $91.07 and a 12 month high of $99.63. The firm’s 50-day moving average is $93.34 and its 200 day moving average is $96.02.

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.