Pimco Total Return ETF (NYSE:BOND) Short Interest Update

Pimco Total Return ETF (NYSE:BOND) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 238,797 shares, a growth of 73.4% from the August 15th total of 137,714 shares. Based on an average daily volume of 442,370 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Pimco Total Return ETF Stock Up 0.6%

Shares of BOND traded up $0.53 during midday trading on Thursday, reaching $89.09. 623,328 shares of the stock were exchanged, compared to its average volume of 543,968. Pimco Total Return ETF has a 12-month low of $88.53 and a 12-month high of $94.68. The firm has a 50 day simple moving average of $90.43 and a 200-day simple moving average of $91.56. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 1.60 and a beta of 0.27.

Hedge Funds Weigh In On Pimco Total Return ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Procyon Advisors LLC raised its position in shares of Pimco Total Return ETF by 2.2% in the first quarter. Procyon Advisors LLC now owns 5,632 shares of the exchange traded fund’s stock valued at $520,000 after purchasing an additional 122 shares during the period. Beacon Financial Advisory LLC boosted its holdings in shares of Pimco Total Return ETF by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 12,659 shares of the exchange traded fund’s stock worth $1,178,000 after buying an additional 129 shares during the period. Founders Financial Securities LLC boosted its holdings in shares of Pimco Total Return ETF by 3.9% during the 1st quarter. Founders Financial Securities LLC now owns 3,437 shares of the exchange traded fund’s stock worth $318,000 after buying an additional 129 shares during the period. Cornerstone Planning Group LLC grew its stake in 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 valued at $41,000 after buying an additional 129 shares during the last quarter. Finally, Scarborough Advisors LLC grew its stake in Pimco Total Return ETF by 102.0% in the 1st quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 150 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.