Short Interest in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Expands By 69.2%

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 8,044 shares, an increase of 69.2% from the February 12th total of 4,755 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 72,416 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 72,416 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CORP. Captrust Financial Advisors bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth $460,000. Arkadios Wealth Advisors bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at $255,000. Integrated Wealth Concepts LLC boosted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 3.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 36,706 shares of the company’s stock worth $3,592,000 after acquiring an additional 1,121 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth $4,126,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth $54,000.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Down 0.3%

Shares of CORP traded down $0.33 on Friday, reaching $96.43. The company’s stock had a trading volume of 64,757 shares, compared to its average volume of 98,648. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a twelve month low of $92.45 and a twelve month high of $99.63. The firm has a fifty day moving average of $98.26 and a 200-day moving average of $98.39.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.7%. This is an increase from PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund’s previous monthly dividend of $0.37.

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.