PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) Short Interest Up 111.5% in May

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund (NYSEARCA:CORP) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 17,322 shares, a growth of 111.5% from the May 14th total of 8,190 shares. Based on an average trading volume of 75,067 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund

Several institutional investors have recently added to or reduced their stakes in CORP. Wayfinding Financial LLC acquired a new position in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at $4,126,000. NewEdge Advisors LLC increased its stake in 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 valued at $17,744,000 after purchasing an additional 35,651 shares during the last quarter. Evensky & Katz LLC increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 73.1% in the third 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 last quarter. Flow Traders U.S. LLC increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.9% in the third quarter. Flow Traders U.S. LLC now owns 81,384 shares of the company’s stock valued at $8,026,000 after purchasing an additional 11,174 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.0% in the fourth 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 last quarter.

PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund Stock Down 0.1%

Shares of NYSEARCA:CORP traded down $0.09 on Friday, hitting $96.71. The company had a trading volume of 35,521 shares, compared to its average volume of 101,949. The business has a 50 day moving average of $96.80 and a 200 day moving average of $97.60. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 52-week low of $95.36 and a 52-week 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.