Pimco Total Return ETF (NYSE:BOND) Sees Significant Increase in Short Interest

Pimco Total Return ETF (NYSE:BOND) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 555,768 shares, a growth of 1,539.9% from the September 30th total of 33,891 shares. Based on an average daily trading volume, of 1,241,943 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s shares are short sold.

Pimco Total Return ETF Stock Performance

Shares of BOND stock traded up $0.03 on Tuesday, hitting $88.62. The company had a trading volume of 194,068 shares, compared to its average volume of 629,040. The firm has a market cap of $8.68 billion, a P/E ratio of 1.60 and a beta of 0.28. The stock’s 50-day moving average is $88.68 and its two-hundred day moving average is $91.41. Pimco Total Return ETF has a twelve month low of $86.11 and a twelve month high of $94.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Scarborough Advisors LLC grew its stake in shares of Pimco Total Return ETF by 102.0% in the 1st quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Beaird Harris Wealth Management LLC purchased a new stake in shares of Pimco Total Return ETF in the second quarter valued at about $31,000. Cornerstone Planning Group LLC raised its holdings in shares of Pimco Total Return ETF by 40.6% in the first quarter. Cornerstone Planning Group LLC now owns 447 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 129 shares during the last quarter. SYM FINANCIAL Corp bought a new position in shares of Pimco Total Return ETF during the third quarter valued at about $40,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Pimco Total Return ETF by 55.2% during the second quarter. Allianz Asset Management GmbH now owns 610 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 217 shares in the last quarter.

Pimco Total Return ETF Company Profile

The PIMCO Active Bond Exchange-Traded Fund (BOND) is an exchange-traded fund that is based on the Barclays U.S. Aggregate index. The fund is an actively managed portfolio that aims to maintain a consistent level of dividend income by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies. BOND was launched on Mar 1, 2012 and is managed by PIMCO.