PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Update

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 393,872 shares, an increase of 70.5% from the January 29th total of 231,033 shares. Based on an average trading volume of 146,179 shares, the days-to-cover ratio is presently 2.7 days. Currently, 3.0% of the shares of the stock are short sold. Currently, 3.0% of the shares of the stock are short sold. Based on an average trading volume of 146,179 shares, the days-to-cover ratio is presently 2.7 days.

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

Institutional investors have recently modified their holdings of the stock. TD Capital Management LLC increased its position in shares of PIMCO Low Duration Exchange-Traded Fund by 0.8% during the 4th 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 last quarter. Barnes Wealth Management Group Inc increased its position in PIMCO Low Duration Exchange-Traded Fund by 3.1% during the fourth quarter. Barnes Wealth Management Group Inc now owns 28,559 shares of the company’s stock valued at $2,740,000 after acquiring an additional 866 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 1.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 10,147 shares of the company’s stock valued at $974,000 after acquiring an additional 122 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 32.7% in the 4th quarter. Corient Private Wealth LLC now owns 8,473 shares of the company’s stock worth $814,000 after acquiring an additional 2,088 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 13.5% during the 4th quarter. NewEdge Advisors LLC now owns 27,242 shares of the company’s stock worth $2,614,000 after purchasing an additional 3,248 shares during the period.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.5%

Shares of LDUR stock traded down $0.48 on Monday, reaching $95.99. The company’s stock had a trading volume of 9,766 shares, compared to its average volume of 82,018. The stock’s fifty day simple moving average is $96.15 and its 200-day simple moving average is $96.07. PIMCO Low Duration Exchange-Traded Fund has a 1 year low of $94.57 and a 1 year high of $96.60.

PIMCO Low Duration Exchange-Traded Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.