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

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 36,017 shares, a decline of 38.4% from the May 31st total of 58,481 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 38,852 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LDUR. Jane Street Group LLC raised its position in PIMCO Low Duration Exchange-Traded Fund by 730.2% during the 1st quarter. Jane Street Group LLC now owns 49,652 shares of the company’s stock valued at $4,765,000 after purchasing an additional 43,671 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of PIMCO Low Duration Exchange-Traded Fund by 138.4% during the 2nd quarter. Raymond James Financial Inc. now owns 57,353 shares of the company’s stock worth $5,496,000 after buying an additional 33,292 shares in the last quarter. Bank of America Corp DE grew its position in shares of PIMCO Low Duration Exchange-Traded Fund by 3.3% during the 2nd quarter. Bank of America Corp DE now owns 360,068 shares of the company’s stock worth $34,505,000 after buying an additional 11,453 shares in the last quarter. Curi Capital LLC grew its position in shares of PIMCO Low Duration Exchange-Traded Fund by 44.8% during the 2nd quarter. Curi Capital LLC now owns 4,915 shares of the company’s stock worth $471,000 after buying an additional 1,521 shares in the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new position in shares of PIMCO Low Duration Exchange-Traded Fund during the second quarter valued at $1,869,000.

PIMCO Low Duration Exchange-Traded Fund Price Performance

Shares of NYSEARCA:LDUR opened at $95.29 on Friday. The firm’s 50 day simple moving average is $95.45 and its 200-day simple moving average is $95.77. PIMCO Low Duration Exchange-Traded Fund has a one year low of $95.07 and a one year high of $96.60.

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.