PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Sees Large Decline in Short Interest

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 28,315 shares, a decline of 33.5% from the June 30th total of 42,550 shares. Based on an average daily trading volume, of 72,990 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

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

A number of large investors have recently made changes to their positions in CORP. JPMorgan Chase & Co. raised its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 9.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 37,601 shares of the company’s stock worth $3,659,000 after purchasing an additional 3,217 shares during the last quarter. Ameriprise Financial Inc. increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 22,474 shares of the company’s stock worth $2,187,000 after buying an additional 1,840 shares in the last quarter. Triumph Capital Management purchased a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 3rd quarter worth approximately $155,000. NewEdge Advisors LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% during the third quarter. NewEdge Advisors LLC now owns 179,925 shares of the company’s stock valued at $17,744,000 after acquiring an additional 35,651 shares during the last quarter. Finally, Keystone Financial Group raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 4.6% during the third quarter. Keystone Financial Group now owns 2,906 shares of the company’s stock valued at $287,000 after acquiring an additional 129 shares during the last quarter.

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

Shares of CORP stock traded down $0.19 during trading hours on Friday, reaching $95.08. 80,252 shares of the company’s stock were exchanged, compared to its average volume of 94,153. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 1 year low of $94.49 and a 1 year high of $99.63. The stock’s fifty day moving average price is $96.24 and its two-hundred day moving average price is $97.06.

About PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

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.