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

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 16,867 shares, a growth of 1,655.2% from the August 31st total of 961 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 66,009 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors grew its position 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 bought a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the first quarter worth approximately $77,000. Bank of New York Mellon Corp raised its position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 38.9% in the first quarter. Bank of New York Mellon Corp now owns 11,411 shares of the company’s stock worth $1,105,000 after acquiring an additional 3,198 shares during the period. Finally, Ruggiero Investments Inc. purchased a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth $212,000.

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

Shares of NYSEARCA CORP traded down $0.49 during trading on Thursday, reaching $92.53. 353,698 shares of the company traded hands, compared to its average volume of 104,121. The firm has a 50 day simple moving average of $94.68 and a 200-day simple moving average of $95.99. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 52-week low of $92.49 and a 52-week high of $99.63.

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.