PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Stock Short Interest Falls 82.0%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 5,369 shares, a drop of 82.0% from the October 15th total of 29,853 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 95,320 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

LDUR stock traded down $0.15 during midday trading on Thursday, hitting $94.10. 40,206 shares of the company’s stock were exchanged, compared to its average volume of 78,833. The stock’s fifty day moving average price is $94.39 and its 200-day moving average price is $95.29. PIMCO Low Duration Exchange-Traded Fund has a one year low of $93.74 and a one year high of $96.54.

Institutional Investors Weigh In On PIMCO Low Duration Exchange-Traded Fund

A number of hedge funds have recently modified their holdings of the business. TD Capital Management LLC bought a new stake in PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth approximately $42,183,000. Cibc World Market Inc. bought a new position in PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at approximately $204,000. HighTower Advisors LLC bought a new position in PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at approximately $12,730,000. Harbour Investments Inc. acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at approximately $112,000. Finally, Bellwether Advisors LLC boosted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 104.9% in the third quarter. Bellwether Advisors LLC now owns 7,977 shares of the company’s stock valued at $751,000 after buying an additional 4,084 shares during the period.

PIMCO Low Duration Exchange-Traded Fund Company Profile

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.