PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Short Interest Down 90.3% in August

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 961 shares, a drop of 90.3% from the August 15th total of 9,913 shares. Based on an average daily volume of 296,238 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

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

CORP stock traded down $0.11 during mid-day trading on Friday, reaching $93.48. The company had a trading volume of 48,717 shares, compared to its average volume of 102,849. The firm has a 50 day moving average of $95.12 and a 200 day moving average of $96.33. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 12 month low of $93.47 and a 12 month high of $99.63.

Institutional Trading of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

A number of hedge funds have recently added to or reduced their stakes in CORP. Keystone Financial Group increased its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 4.6% in the 3rd quarter. Keystone Financial Group now owns 2,906 shares of the company’s stock valued at $287,000 after acquiring an additional 129 shares during the period. Arkadios Wealth Advisors lifted its stake 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 purchasing an additional 547 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth $54,000. RMG Wealth Management LLC bought a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter valued at about $77,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 3.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 36,706 shares of the company’s stock valued at $3,592,000 after buying an additional 1,121 shares in the last quarter.

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.