PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Stock Short Interest Declines 78.6%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 8,074 shares, a drop of 78.6% from the September 15th total of 37,671 shares. Based on an average daily trading volume, of 67,654 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Hedge funds have recently added to or reduced their stakes in the stock. Advocacy Wealth Management LLC lifted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 55.8% in the 2nd quarter. Advocacy Wealth Management LLC now owns 1,684,382 shares of the company’s stock valued at $159,109,000 after buying an additional 603,574 shares during the period. Cetera Investment Advisers boosted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 482.3% in the first quarter. Cetera Investment Advisers now owns 158,558 shares of the company’s stock valued at $15,193,000 after buying an additional 131,327 shares in the last quarter. Gateway Wealth Partners LLC grew its holdings 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 acquiring an additional 96,291 shares during the period. Kintra Wealth LLC acquired a new position in PIMCO Low Duration Exchange-Traded Fund during the second quarter worth $3,976,000. Finally, Heritage Oak Wealth Advisors LLC purchased a new position in PIMCO Low Duration Exchange-Traded Fund in the first quarter worth $7,239,000.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

Shares of NYSEARCA LDUR traded down $0.03 during midday trading on Tuesday, reaching $94.01. 3,623 shares of the company were exchanged, compared to its average volume of 78,069. PIMCO Low Duration Exchange-Traded Fund has a 1 year low of $93.74 and a 1 year high of $96.60. The stock has a fifty day simple moving average of $94.82 and a 200 day simple moving average of $95.22.

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.