Short Interest in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Expands By 111.5%

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 17,322 shares, a growth of 111.5% from the May 14th total of 8,190 shares. Based on an average daily volume of 75,067 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

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

NYSEARCA CORP traded up $0.14 during mid-day trading on Monday, hitting $96.85. The stock had a trading volume of 6,482 shares, compared to its average volume of 101,090. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 52-week low of $95.36 and a 52-week high of $99.63. The company has a 50 day simple moving average of $96.80 and a 200 day simple moving average of $97.59.

Hedge Funds Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% in the 3rd quarter. NewEdge Advisors LLC now owns 179,925 shares of the company’s stock valued at $17,744,000 after purchasing an additional 35,651 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 140,919 shares of the company’s stock worth $13,848,000 after buying an additional 9,207 shares in the last quarter. Flow Traders U.S. LLC increased its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.9% during the third quarter. Flow Traders U.S. LLC now owns 81,384 shares of the company’s stock worth $8,026,000 after buying an additional 11,174 shares in the last quarter. Evensky & Katz LLC increased its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 30.0% during the fourth quarter. Evensky & Katz LLC now owns 50,020 shares of the company’s stock worth $4,894,000 after buying an additional 11,545 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth $4,126,000.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Company Profile

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.