Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Rises By 256.5%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 58,481 shares, a growth of 256.5% from the May 14th total of 16,406 shares. Based on an average daily volume of 50,983 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are short sold.

PIMCO Low Duration Exchange-Traded Fund Price Performance

Shares of LDUR stock traded down $0.04 on Friday, hitting $95.40. The stock had a trading volume of 32,383 shares, compared to its average volume of 79,499. The company’s 50 day moving average price is $95.51 and its 200-day moving average price is $95.83. PIMCO Low Duration Exchange-Traded Fund has a 1 year low of $95.07 and a 1 year high of $96.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its position in shares of PIMCO Low Duration Exchange-Traded Fund by 1.7% during the 4th quarter. CWM LLC now owns 939,933 shares of the company’s stock worth $90,182,000 after acquiring an additional 16,035 shares in the last quarter. Advocacy Wealth Management LLC raised its holdings in PIMCO Low Duration Exchange-Traded Fund by 2.3% during the fourth quarter. Advocacy Wealth Management LLC now owns 911,899 shares of the company’s stock worth $87,492,000 after purchasing an additional 20,348 shares in the last quarter. LPL Financial LLC lifted its position in shares of PIMCO Low Duration Exchange-Traded Fund by 38.6% during the 4th quarter. LPL Financial LLC now owns 597,089 shares of the company’s stock worth $57,288,000 after buying an additional 166,306 shares during the last quarter. TD Capital Management LLC boosted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 0.8% in the 4th quarter. TD Capital Management LLC now owns 431,360 shares of the company’s stock valued at $41,387,000 after buying an additional 3,564 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of PIMCO Low Duration Exchange-Traded Fund by 3.8% in the 1st quarter. Bank of America Corp DE now owns 423,799 shares of the company’s stock valued at $40,608,000 after buying an additional 15,465 shares during the last quarter.

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.