Short Interest in PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Grows By 70.5%

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 393,872 shares, an increase of 70.5% from the January 29th total of 231,033 shares. Based on an average daily trading volume, of 146,179 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 146,179 shares, the days-to-cover ratio is currently 2.7 days.

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

A number of institutional investors have recently added to or reduced their stakes in LDUR. TD Capital Management LLC lifted its stake in PIMCO Low Duration Exchange-Traded Fund by 0.8% in the 4th quarter. TD Capital Management LLC now owns 431,360 shares of the company’s stock valued at $41,387,000 after purchasing an additional 3,564 shares during the last quarter. Barnes Wealth Management Group Inc lifted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 3.1% in the 4th quarter. Barnes Wealth Management Group Inc now owns 28,559 shares of the company’s stock valued at $2,740,000 after acquiring an additional 866 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 1.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 10,147 shares of the company’s stock valued at $974,000 after acquiring an additional 122 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 32.7% during the 4th quarter. Corient Private Wealth LLC now owns 8,473 shares of the company’s stock valued at $814,000 after acquiring an additional 2,088 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in PIMCO Low Duration Exchange-Traded Fund by 13.5% during the 4th quarter. NewEdge Advisors LLC now owns 27,242 shares of the company’s stock worth $2,614,000 after acquiring an additional 3,248 shares during the last quarter.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

NYSEARCA:LDUR traded up $0.11 during trading hours on Friday, hitting $96.47. The company’s stock had a trading volume of 49,790 shares, compared to its average volume of 83,933. PIMCO Low Duration Exchange-Traded Fund has a twelve month low of $94.57 and a twelve month high of $96.60. The stock has a fifty day simple moving average of $96.15 and a 200-day simple moving average of $96.07.

PIMCO Low Duration Exchange-Traded Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a $0.32 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, February 2nd.

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.