PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Short Interest Down 21.8% in February

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 308,014 shares, a decline of 21.8% from the February 12th total of 393,872 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily volume of 92,303 shares, the short-interest ratio is currently 3.3 days. Based on an average daily volume of 92,303 shares, the short-interest ratio is currently 3.3 days. Approximately 2.4% of the shares of the company are short sold.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

Shares of NYSEARCA LDUR traded up $0.04 during trading hours on Monday, reaching $95.69. The stock had a trading volume of 29,537 shares, compared to its average volume of 80,755. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $94.57 and a twelve month high of $96.60. The business’s fifty day moving average is $96.07 and its two-hundred day moving average is $96.06.

PIMCO Low Duration Exchange-Traded Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a $0.30 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

Hedge Funds Weigh In On PIMCO Low Duration Exchange-Traded Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advocacy Wealth Management LLC increased its stake in PIMCO Low Duration Exchange-Traded Fund by 102.6% in the third quarter. Advocacy Wealth Management LLC now owns 891,551 shares of the company’s stock valued at $85,718,000 after acquiring an additional 451,566 shares during the period. Beacon Capital Management Inc. acquired a new stake in PIMCO Low Duration Exchange-Traded Fund during the third quarter valued at approximately $24,549,000. LPL Financial LLC boosted its holdings 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 valued at $57,288,000 after purchasing an additional 166,306 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the 3rd quarter valued at approximately $7,626,000. Finally, Royal Bank of Canada grew its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 76.7% in the 4th quarter. Royal Bank of Canada now owns 156,502 shares of the company’s stock valued at $15,016,000 after purchasing an additional 67,956 shares during the period.

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.