PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Short Interest Down 33.5% in July

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 28,315 shares, a decrease of 33.5% from the June 30th total of 42,550 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,990 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several hedge funds and other institutional investors have recently modified their holdings of CORP. Vista Capital Partners Inc. bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth $290,000. JPMorgan Chase & Co. raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 9.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 37,601 shares of the company’s stock valued at $3,659,000 after purchasing an additional 3,217 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 8.9% during the second quarter. Ameriprise Financial Inc. now owns 22,474 shares of the company’s stock worth $2,187,000 after buying an additional 1,840 shares during the period. Keystone Financial Group lifted its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 4.6% during the 3rd quarter. Keystone Financial Group now owns 2,906 shares of the company’s stock worth $287,000 after purchasing an additional 129 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at about $255,000.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Down 0.2%

NYSEARCA:CORP opened at $95.08 on Friday. The business has a 50 day simple moving average of $96.24 and a 200-day simple moving average of $97.06. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 1 year low of $94.49 and a 1 year high of $99.63.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Company Profile

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.