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 significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 8,044 shares, a growth of 69.2% from the February 12th total of 4,755 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 72,416 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 72,416 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Flow Traders U.S. LLC increased its stake in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 15.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 81,384 shares of the company’s stock valued at $8,026,000 after acquiring an additional 11,174 shares in the last quarter. Triumph Capital Management acquired a new stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund in the third quarter worth $155,000. Farther Finance Advisors LLC increased its stake in PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 2.3% in the fourth quarter. Farther Finance Advisors LLC now owns 14,683 shares of the company’s stock valued at $1,437,000 after purchasing an additional 327 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 7.0% during 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 period. Finally, Strategic Blueprint LLC raised its holdings in shares of PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund by 14.4% during the fourth quarter. Strategic Blueprint LLC now owns 22,327 shares of the company’s stock valued at $2,185,000 after purchasing an additional 2,813 shares during the period.

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

Shares of CORP stock traded down $0.33 during mid-day trading on Friday, hitting $96.43. The company’s stock had a trading volume of 64,757 shares, compared to its average volume of 98,648. The company’s fifty day simple moving average is $98.26 and its 200-day simple moving average is $98.39. PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund has a 52 week low of $92.45 and a 52 week high of $99.63.

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

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

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.