Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Expands By 268.8%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 29,236 shares, an increase of 268.8% from the July 15th total of 7,927 shares. Based on an average trading volume of 57,636 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BankPlus Wealth Management LLC grew its position in PIMCO Low Duration Exchange-Traded Fund by 41.1% in the fourth quarter. BankPlus Wealth Management LLC now owns 14,750 shares of the company’s stock worth $1,415,000 after acquiring an additional 4,295 shares in the last quarter. Patten & Patten Inc. TN increased its stake in PIMCO Low Duration Exchange-Traded Fund by 0.7% during the fourth quarter. Patten & Patten Inc. TN now owns 20,031 shares of the company’s stock worth $1,922,000 after acquiring an additional 145 shares during the last quarter. CGC Financial Services LLC raised its position in PIMCO Low Duration Exchange-Traded Fund by 19.8% during the fourth quarter. CGC Financial Services LLC now owns 3,985 shares of the company’s stock valued at $382,000 after purchasing an additional 660 shares during the period. RFG Advisory LLC raised its position in PIMCO Low Duration Exchange-Traded Fund by 13.1% during the fourth quarter. RFG Advisory LLC now owns 8,701 shares of the company’s stock valued at $835,000 after purchasing an additional 1,009 shares during the period. Finally, SOL Capital Management CO bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the 4th quarter valued at approximately $1,823,000.

PIMCO Low Duration Exchange-Traded Fund Price Performance

NYSEARCA:LDUR opened at $95.22 on Thursday. The business’s 50-day simple moving average is $95.33 and its two-hundred day simple moving average is $95.61. PIMCO Low Duration Exchange-Traded Fund has a 52 week low of $95.05 and a 52 week high of $96.60.

PIMCO Low Duration Exchange-Traded Fund Company Profile

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.