Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Declines By 60.0%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 16,406 shares, a decline of 60.0% from the April 30th total of 41,029 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 48,602 shares, the days-to-cover ratio is presently 0.3 days.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.3%

Shares of NYSEARCA:LDUR traded down $0.33 during trading on Tuesday, reaching $95.26. The stock had a trading volume of 34,527 shares, compared to its average volume of 82,998. The firm’s fifty day moving average is $95.56 and its 200 day moving average is $95.88. PIMCO Low Duration Exchange-Traded Fund has a 52 week low of $95.07 and a 52 week high of $96.60.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LDUR. Advocacy Wealth Management LLC grew its position in PIMCO Low Duration Exchange-Traded Fund by 102.6% during the third quarter. Advocacy Wealth Management LLC now owns 891,551 shares of the company’s stock valued at $85,718,000 after buying an additional 451,566 shares during the period. LPL Financial LLC boosted its position in PIMCO Low Duration Exchange-Traded Fund by 38.6% during the fourth quarter. LPL Financial LLC now owns 597,089 shares of the company’s stock worth $57,288,000 after purchasing an additional 166,306 shares during the period. Cetera Investment Advisers boosted its position in PIMCO Low Duration Exchange-Traded Fund by 482.3% during the first quarter. Cetera Investment Advisers now owns 158,558 shares of the company’s stock worth $15,193,000 after purchasing an additional 131,327 shares during the period. Gateway Wealth Partners LLC boosted its position in PIMCO Low Duration Exchange-Traded Fund by 120.8% during the first quarter. Gateway Wealth Partners LLC now owns 176,020 shares of the company’s stock worth $16,866,000 after purchasing an additional 96,291 shares during the period. Finally, Heritage Oak Wealth Advisors LLC bought a new position in PIMCO Low Duration Exchange-Traded Fund during the first quarter worth about $7,239,000.

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.