PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Stock Short Interest Rises 269.7%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 29,853 shares, a growth of 269.7% from the September 30th total of 8,074 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 89,898 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On PIMCO Low Duration Exchange-Traded Fund

Several large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in PIMCO Low Duration Exchange-Traded Fund by 1,025.8% during the first quarter. International Assets Investment Management LLC now owns 349 shares of the company’s stock worth $33,000 after acquiring an additional 318 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at $36,000. Simplicity Wealth LLC purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 1st quarter valued at about $201,000. High Net Worth Advisory Group LLC purchased a new stake in PIMCO Low Duration Exchange-Traded Fund during the second quarter worth about $209,000. Finally, AdvisorNet Financial Inc purchased a new position in PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at $212,000.

PIMCO Low Duration Exchange-Traded Fund Stock Up 0.2%

LDUR traded up $0.18 during trading on Thursday, hitting $94.63. The company’s stock had a trading volume of 27,350 shares, compared to its average volume of 79,256. PIMCO Low Duration Exchange-Traded Fund has a one year low of $93.74 and a one year high of $96.54. The business’s 50 day simple moving average is $94.57 and its 200-day simple moving average is $95.37.

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.