PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Short Interest Update

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 9,913 shares, a decrease of 71.7% from the July 30th total of 35,079 shares. Based on an average daily trading volume, of 57,794 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

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

NYSEARCA:CORP traded down $0.35 during trading hours on Friday, reaching $95.09. 26,825 shares of the company were exchanged, compared to its average volume of 105,624. The stock’s 50-day moving average is $95.67 and its 200-day moving average is $96.66. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a twelve month low of $94.49 and a twelve month high of $99.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IFC & Insurance Marketing Inc. purchased a new position in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at approximately $54,000. RMG Wealth Management LLC purchased a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the first quarter worth approximately $77,000. Triumph Capital Management purchased a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the third quarter worth approximately $155,000. Ruggiero Investments Inc. acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $212,000. Finally, Arkadios Wealth Advisors purchased a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $255,000.

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.