PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Significant Drop in Short Interest

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDURGet Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 7,761 shares, a decrease of 78.5% from the June 15th total of 36,017 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 50,042 shares, the days-to-cover ratio is currently 0.2 days.

PIMCO Low Duration Exchange-Traded Fund Price Performance

LDUR traded down $0.14 during midday trading on Friday, reaching $95.19. 112,794 shares of the company were exchanged, compared to its average volume of 77,710. The stock’s 50-day simple moving average is $95.40 and its 200 day simple moving average is $95.75. PIMCO Low Duration Exchange-Traded Fund has a one year low of $95.07 and a one year high of $96.60.

Hedge Funds Weigh In On PIMCO Low Duration Exchange-Traded Fund

Several institutional investors and hedge funds have recently modified their holdings of LDUR. Kingdom Financial Group LLC. acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at approximately $28,000. International Assets Investment Management LLC boosted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 1,025.8% during the 1st quarter. International Assets Investment Management LLC now owns 349 shares of the company’s stock worth $33,000 after buying an additional 318 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the 4th quarter valued at about $36,000. Arax Advisory Partners bought a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the 4th quarter valued at about $49,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at about $53,000.

About PIMCO Low Duration Exchange-Traded Fund

(Get Free Report)

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.

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