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

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,904 shares, a decrease of 63.9% from the February 26th total of 8,044 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 269,397 shares, the short-interest ratio is currently 0.0 days.

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

Shares of NYSEARCA CORP traded down $0.61 on Thursday, reaching $96.03. 91,015 shares of the company’s stock traded hands, compared to its average volume of 125,405. The business’s 50 day simple moving average is $97.96 and its two-hundred day simple moving average is $98.32. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 12 month low of $92.45 and a 12 month high of $99.63.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.38 dividend. This is a boost from PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund’s previous monthly dividend of $0.37. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC increased its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 852.1% in the 2nd quarter. Flow Traders U.S. LLC now owns 70,210 shares of the company’s stock worth $6,832,000 after acquiring an additional 62,836 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter worth approximately $4,126,000. NewEdge Advisors LLC increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 24.7% in the third quarter. NewEdge Advisors LLC now owns 179,925 shares of the company’s stock worth $17,744,000 after purchasing an additional 35,651 shares in the last quarter. Evensky & Katz LLC raised its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 73.1% during the 3rd quarter. Evensky & Katz LLC now owns 38,475 shares of the company’s stock valued at $3,794,000 after purchasing an additional 16,244 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 140,919 shares of the company’s stock valued at $13,848,000 after purchasing an additional 9,207 shares during the period.

About PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

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.