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

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 42,550 shares, an increase of 116.0% from the June 15th total of 19,698 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 72,539 shares, the short-interest ratio is currently 0.6 days.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Up 0.3%

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund stock traded up $0.32 during mid-day trading on Wednesday, reaching $95.96. The company’s stock had a trading volume of 20,840 shares, compared to its average volume of 96,957. The firm’s fifty day moving average price is $96.51 and its two-hundred day moving average price is $97.31. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 12-month low of $95.36 and a 12-month high of $99.63.

Institutional Trading of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

A number of institutional investors have recently added to or reduced their stakes in CORP. Arkadios Wealth Advisors boosted its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 21.0% during the first quarter. Arkadios Wealth Advisors now owns 3,153 shares of the company’s stock valued at $305,000 after buying an additional 547 shares during the period. RMG Wealth Management LLC purchased a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter valued at about $77,000. Bank of New York Mellon Corp grew its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% during the first quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock valued at $1,105,000 after buying an additional 3,198 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter worth about $460,000. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 3.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 36,706 shares of the company’s stock worth $3,592,000 after buying an additional 1,121 shares during the period.

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.