PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Large Growth in Short Interest

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 17,158 shares, a growth of 61.7% from the December 31st total of 10,608 shares. Based on an average daily trading volume, of 39,924 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 39,924 shares, the days-to-cover ratio is presently 0.4 days.

PIMCO Low Duration Exchange-Traded Fund Price Performance

NYSEARCA LDUR remained flat at $96.19 during trading hours on Friday. 36,695 shares of the company’s stock were exchanged, compared to its average volume of 49,090. PIMCO Low Duration Exchange-Traded Fund has a 12-month low of $94.57 and a 12-month high of $96.93. The stock has a 50 day simple moving average of $96.07 and a 200 day simple moving average of $95.99.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advocacy Wealth Management LLC lifted its holdings in PIMCO Low Duration Exchange-Traded Fund by 102.6% during the 3rd quarter. Advocacy Wealth Management LLC now owns 891,551 shares of the company’s stock worth $85,718,000 after buying an additional 451,566 shares during the last quarter. Beacon Capital Management Inc. acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter valued at approximately $24,549,000. Envestnet Asset Management Inc. lifted its stake in PIMCO Low Duration Exchange-Traded Fund by 92.5% during the second quarter. Envestnet Asset Management Inc. now owns 213,441 shares of the company’s stock worth $20,454,000 after purchasing an additional 102,555 shares during the last quarter. Gateway Wealth Partners LLC acquired a new position in PIMCO Low Duration Exchange-Traded Fund in the third quarter worth $7,626,000. Finally, CWM LLC increased its stake in PIMCO Low Duration Exchange-Traded Fund by 6.6% during the third quarter. CWM LLC now owns 923,898 shares of the company’s stock valued at $88,828,000 after purchasing an additional 56,803 shares during the last quarter.

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.