Short Interest in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Rises By 46.1%

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,244 shares, an increase of 46.1% from the March 15th total of 2,904 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 86,419 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% during 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 140,919 shares of the company’s stock valued at $13,848,000 after acquiring an additional 9,207 shares during the period. Flow Traders U.S. LLC boosted its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 81,384 shares of the company’s stock valued at $8,026,000 after acquiring an additional 11,174 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 59,118 shares of the company’s stock valued at $5,815,000 after buying an additional 7,932 shares during the last quarter. Finally, Evensky & Katz LLC grew its holdings 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 acquiring an additional 11,545 shares during the period.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Trading Down 0.3%

Shares of CORP traded down $0.25 during midday trading on Thursday, hitting $97.29. The stock had a trading volume of 32,125 shares, compared to its average volume of 115,495. The stock’s 50 day moving average is $97.63 and its 200 day moving average is $98.13. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 1 year low of $94.42 and a 1 year high of $99.63.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.38 dividend. This is an increase from PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund’s previous monthly dividend of $0.37. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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.