Short Interest in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Grows By 111.5%

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 17,322 shares, a growth of 111.5% from the May 14th total of 8,190 shares. Based on an average trading volume of 75,067 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors raised its position in shares of 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 worth $305,000 after acquiring an additional 547 shares in the last quarter. RMG Wealth Management LLC acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter worth approximately $77,000. Ruggiero Investments Inc. acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth approximately $212,000. Evensky & Katz LLC increased its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 30.0% during the fourth quarter. Evensky & Katz LLC now owns 50,020 shares of the company’s stock worth $4,894,000 after buying an additional 11,545 shares during the period. Finally, Vista Capital Partners Inc. acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth approximately $290,000.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Price Performance

Shares of NYSEARCA CORP traded up $0.16 during midday trading on Monday, hitting $96.87. 4,247 shares of the company’s stock were exchanged, compared to its average volume of 101,075. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a twelve month low of $95.36 and a twelve month high of $99.63. The firm’s fifty day simple moving average is $96.80 and its 200-day simple moving average is $97.59.

About PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

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.