Pimco Total Return ETF (NYSE:BOND) Sees Significant Increase in Short Interest

Pimco Total Return ETF (NYSE:BOND) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 555,768 shares, an increase of 1,539.9% from the September 30th total of 33,891 shares. Based on an average daily trading volume, of 1,241,943 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.6% of the company’s stock are short sold.

Pimco Total Return ETF Stock Performance

Pimco Total Return ETF stock traded down $0.23 during mid-day trading on Wednesday, reaching $88.48. The stock had a trading volume of 278,763 shares, compared to its average volume of 639,206. Pimco Total Return ETF has a fifty-two week low of $86.11 and a fifty-two week high of $94.68. The stock’s 50-day simple moving average is $88.65 and its 200-day simple moving average is $91.39. The firm has a market capitalization of $8.67 billion, a PE ratio of 1.60 and a beta of 0.28.

Institutional Trading of Pimco Total Return ETF

Several hedge funds have recently bought and sold shares of the business. Scarborough Advisors LLC raised its holdings in Pimco Total Return ETF by 102.0% during the first quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Latitude Advisors LLC bought a new stake in shares of Pimco Total Return ETF during the third quarter worth about $30,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Pimco Total Return ETF during the second quarter worth about $31,000. SYM FINANCIAL Corp bought a new stake in shares of Pimco Total Return ETF during the third quarter worth about $40,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Pimco Total Return ETF by 40.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 447 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 129 shares during the last quarter.

About Pimco Total Return ETF

The PIMCO Active Bond Exchange-Traded Fund (BOND) is an exchange-traded fund that is based on the Barclays U.S. Aggregate index. The fund is an actively managed portfolio that aims to maintain a consistent level of dividend income by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies. BOND was launched on Mar 1, 2012 and is managed by PIMCO.